CQS Risk Management Policy
Guidance and resources on CQS risk management policies for conveyancing firms. Explore risk assessment, responsibilities, supervision, undertakings and emerging risks, with practical advice on drafting, reviewing and implementing policies under the CQS Core Practice Management Standards.
CQS Policy Templates
Get a ready-made CQS Risk Management Policy
Save time preparing for CQS accreditation with an editable Risk Management Policy template written for conveyancing firms and aligned with the CQS and CPMS requirements.
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The Search Was Supplied by Someone Else. Who Checked It Was Suitable?
The article discusses the importance of assessing supplied search reports in conveyancing to ensure suitability for specific properties and buyers. It emphasizes clear responsibility for review processes, identifying coverage and limitations of reports, and adhering to lender requirements. Proper documentation and explanations for additional searches are crucial to avoid delays and unexpected costs.
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The Conveyancing File Is Closed. Why Are You Still Holding Client Money?
The article addresses the issue of unexplained balances in client ledgers after transactions are completed. It emphasizes the importance of identifying ownership, purpose, and responsible parties for every retained amount. Firms must maintain proper controls and follow regulatory requirements to ensure timely resolution and clear communication regarding outstanding balances to prevent aging and compliance issues.