risk register
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CQS Risk Management Policy and Register
Firms accredited with the Law Society conveyancing mark must adhere to strict guidelines, including the implementation of a comprehensive CQS Risk Management Policy and the maintenance of a detailed risk register. It is considered best practice for the risk register to be categorised into strategic, financial, operational, compliance, and breaches (both material and non-material), with…
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CQS Risk Management Policy – Guidance
Section five of the new CQS Standards focuses on risk management, mandating firms to implement a compliance plan, risk register, and a comprehensive Risk Management Policy. Key requirements include defining roles and responsibilities, communicating risk information, and appointing a designated supervisor to ensure effective risk oversight in legal services.