The recent update to the Core Practice Management Standards (CPMS) requires CQS firms to have a policy in place in relation to conflict handling (s5.7).
Policy documents can be time-consuming and difficult to prepare.
Own an earlier version? Buy only the paragraphs that have changed. Each paragraph arrives by email as a PDF as soon as you pay.
This provision addressed potential conflict of interest where the firm is acting for seller and buyer. Where dual representation is allowed, strict safeguards like separate representation and informed written consent must be in place to protect client interests and maintain professional integrity.
Additional wording to the preexisting wording setting out the obligation to ensure there is adequate separation between the fee-earners and authorised persons acting for the different parties
An update on the disclosure obligations to lenders by adding a section of disclosure considerations much of which focuses on the issue of confidentiality.
Buying 7 or more paragraphs? The full current policy costs the same or less at £475.00 + VAT.
Sample template bundles do not include a template to show the structure of the residential conveyancing department at a firm. The data protection policy template covers the requirements of CQS, however it is the responsibility of the firm to ensure it is compliant with the requirements of the General Data Protection Regulation.