SRA kicks COLP separation plans into the long grass

SRA kicks COLP separation plans into the long grass

Regulator will now target higher-risk firms rather than impose blanket new rule on profession.

SRA pauses rules separating compliance officers from firm control and drops January start

The Solicitors Regulation Authority will not bring in its new rules separating compliance officer roles from the people who control higher-risk law firms in January as planned, the regulator confirmed…

COLP/COFA separation could have had 'unintentional consequences' as SRA outlines next steps

The Solicitors Regulations Authority has confirmed it will “work with stakeholders, including through working groups” to identify alternatives to the proposals to separate compliance officer roles from those with unilateral decision making.  Last month the SRA said it would “pause” those plans after it faced backlash from the profession. Now the regulator says it acknowledged …