Text for CQS CPMS Policy
CQS Policy: Regulatory Risk – Tax Adviser Status
Purchase this policy: Risk Management Policy
- Change date
- 04/03/2026
- Word count
- 90
- Deployment measure
- 9/10
Rationale
The rationale for draft wording is to identify HMRC de-registration as a critical operational threat. By requiring "senior managers" to disclose tax defaults or convictions, the firm protects its CQS standing and ensures it meets HMRC’s "fit and proper" eligibility criteria.
The Firm identifies the failure to register or maintain registration as an HMRC tax adviser as a high-level operational risk. To mitigate this, the Firm maintains a register of all
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