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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Breach of Trust in Conveyancing: Liability, Section 61 and Practical Controls
A conveyancer may be liable for breach of trust even if they acted honestly and became a fraud victim. Distinctions between breach of trust and negligence claims are crucial, as are the terms governing the funds’ release. Historical claims should reference applicable instructions, and firms must establish verification processes before disbursing funds.
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Your Conveyancing Compliance Plan: Who Checks the Actions Are Done?
The article emphasizes the importance of an effective compliance plan in addressing identified issues within firms. It discusses the need for clear actions, ownership, and deadlines, while warning against complacency from merely documenting problems. A compliance plan should lead to substantive improvements, supported by thorough follow-up and evidence to ensure ongoing compliance with regulatory standards.