Chambers' Compliance Check
The BSB is set to sharpen its focus on chambers and is looking at ways to ensure a greater measure of compliance with the mandatory aspects of the Handbook, including clarifying its expectations in areas such as price transparency, AML regulation and diversity.
It is also looking at how chambers governance measures up to the BSBs “expectations …in support of standards, equality and access”. In its recent thematic review of compliance with the sanctions regime, the BSB found that documentation and implementation of sanctions controls in some sets was deficient. This poses a direct risk to chambers and members.
The Chambers’ compliance check is free and takes less than an hour to complete (if you know the answers!). The compliance check covers the following risk areas:
- Sanctions
- AML, CTF and Proliferation financing
- Fair Allocation of work
- On boarding of clients
- Conflicts of interest and confidentiality
- Discrimination and sexual harassment
- Cyber security/data
- Data protection
- Complaints
- Price transparency
The survey is conducted on-line and provides chambers with a RAG-rated report highlighting those areas of compliance that may require further attention. To ensure you receive the RAG-rated report, please complete your contact details. We treat all personal data in accordance with our data protection policy.
Disclaimer
The information provided in this questionnaire does not, and is not intended to, constitute legal advice; instead, all information, content, and materials are for general information purposes only. The content should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. The information does not address your individual requirements and is not intended to be relied upon by you in making (or refraining from making) any specific decisions and should not be taken as confirmation of compliance (or non-compliance) with your regulatory obligations.