independent CQS compliance audit
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CQS Purchase of Leasehold Policy: What Firms Must Cover
CQS-accredited firms must maintain a dynamic Leasehold Purchase Policy to comply with evolving legislation, notably the Building Safety Act and LFRA 2024. A stagnant policy indicates poor risk management and non-compliance. Firms should regularly update their policy and Change Control log to align with current lender requirements and legal protections.
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Is CQS accreditation a safety net or a false sense of security?
Law firms must enhance their compliance beyond CQS accreditation to manage risks from lender scrutiny and anti-money laundering enforcement, ensuring proactive practices are implemented effectively.