Firms must educate all employees on honesty to avoid run ins with the regulators, says Tracey Calvert

Compliance professionals know there is essential information about regulation and ethics which must be imparted to all colleagues, regardless of their role, qualification or experience, including of course, the SRA Principles (the Principles).

Educating employees

Knowing the SRA regards these as “fundamental tenets of ethical behaviour” means we are on the regulatory backfoot if we fail to ensure our colleagues understand the content of the Principles. Not only this, but we must also ensure they have the opportunity to understand how they must respond to them – for their peace of mind, but also to contribute to the firm’s continuing authorisation. 

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Tracey Calvert
Director
Oakalls Consultancy Ltd

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