2026 to 2027
COLP and COFA changes: what was approved, and the pause
Updated
The change separates compliance from control in larger firms. It was approved and is now paused while the SRA consults again.
What would change
The two thresholds
The limits apply by reference to the most recently completed accounting period: annual turnover over £600,000, or client money with a maximum balance over £2,000,000.
Source: SRA: draft Authorisation of Firms Rules after consultation (rules 8.4 to 8.7, PDF)
Who is caught
A manager or owner with authority to determine or direct significant management decisions about the structure or running of the firm.
Source: SRA: draft Authorisation of Firms Rules after consultation (rules 8.4 to 8.7, PDF)
Where it stands
Approval
The LSB approved the rules; the SRA planned to phase them in from January 2027, larger firms first.
Source: Legal Futures: LSB approves separation of compliance and management roles
Pause
On 1 October 2026 the SRA announced a pause and said it would consult on necessary changes. No new start date has been given.
Source: Legal Futures: SRA announces pause to compliance officer rule changes (1 October 2026)