Text for CQS CPMS Policy
CQS Policy: Operational risk responsibilities (update)
Purchase this policy: Risk Management Policy
- Change date
- 13/07/2026
- Word count
- 148
- Deployment measure
- 8/10
Rationale
To satisfy standard 3.3c, procedures must actively prevent passive supervision through mandatory file reviews and risk-based supervisor ratios. Ensure your compliance frameworks remain current and effectively mitigate systemic risks. Consider adapting this updated policy text.
The COLP and Heads of Department/Supervisors, are responsible for managing operational risks in the firm's legal work... They may decide to institute special supervisory/reporting/allocation arrangements over and above the requirements
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