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Makes available the latest paragraphs for you to consider including in your CQS CPMS Policy.
text for CQS CPMS Policy:
CQS Policy: Self Reporting
Change Date : 08/08/2024 | Word Count: 64 | Deployment Measure : 9/10
Rationale:
There are separate duties for reporting issues to the SRA who expect firms under investigation by OFSI/OTSI to self-report. This draft wording is based on SRA guidance (August ‘24) where a new section has been added on when you must report to the regulator
The compliance officers of the firm are cognisant of the obligation to self-report breaches of the sanctions regime to the SRA. The firm continues to monitor the [SRA reporting and
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