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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: 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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