Compliance officers

You are reading current version in effect from 25 November 2019
Print this section Copy highlighted section to clipboard
Back to
You are reading current version in effect from 25 November 2019

Guidance

Responsibilities of COLPs and COFAs

To assist COLPs and COFAs in understanding their duties and responsibilities.

Glossary terms

COLP

means compliance officer for legal practice and in relation to a licensable body is a reference to its HOLP

manager

means:

  1. the sole principal in a recognised sole practice;
  2. a member of a LLP;
  3. a director of a company;
  4. a partner in a partnership; or
  5. in relation to any other body, a member of its governing body
interest holder

means a person who has an interest or an indirect interest, or holds a material interest, in a body (and "indirect interest" and "interest" have the same meaning as in the LSA), and references to "holds an interest" shall be construed accordingly

SRA

means the Solicitors Regulation Authority

regulatory arrangements

has the meaning given to it by section 21 of the LSA

COFA

means a compliance officer for finance and administration and in relation to a licensable body is a reference to its HOFA