Podcast Location:
Download it here [file size: 48.9 MB]
Categories:
Practice Management, Marketing & Skills
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast with David Smith, Head of Compliance at Anthony Gold provides a helpful guide to legal practitioners, compliance officers for legal practice (COLPs) and finance and administration (COFAs) on the requirement of firms to record and report any compliance breaches to the SRA as from 1st January 2013. It explores the types of breaches that will need to be reported, how reports are made and the internal procedures that can be put in place in order to ensure your firm is properly complying with the SRA’s requirements.

Outcomes:
After completing the course you will:
  • Understand where the requirement to report any breaches in compliance to the SRA comes from;
  • Appreciate who has to make these reports;
  • Know what breaches a COLP/COFA will need to report;
  • Have considered the different approach to ‘material’ and ‘non-material’ breaches and how to determine whether a breach is material or not;
  • Know how reports are to be made and appreciate how this system will work in practice;
  • Have considered the internal systems that can be put in place to ensure your firm’s compliance plan is robust and effective;
  • Be aware of the implications of failing to comply with the reporting and recording requirement.
Level:
General Interest Difficulty: 2 of 5
Classification:
Market Update / Hot Topic
Practical Guide
Procedural
Sources and References:
Tags:

In this podcast David Smith, Head of Compliance at Anthony Gold Solicitors provides a guide to practitioners on the requirement of compliance officers to report a firm's failure to comply with SRA regulations.

NEW! TRANSCRIPT INCLUDED IN ADDITIONAL INFORMATION

Date Recorded: 28th March 2013

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