Does Reglo manage the client account?

No. Reglo focuses on the policy, approval, attestation, and audit-trail evidence around finance-related compliance controls — not client account management, ledger reconciliation, or accounting.

What Does a COFA Need to Evidence?

What does a COFA need to evidence?

The COFA — Compliance Officer for Finance and Administration — is accountable for the firm's compliance with the accounts rules and finance-related obligations. Like the COLP, the COFA increasingly needs to evidence that controls are managed, not just assumed.

Reglo supports the COFA with the policy, approval, and acknowledgement evidence behind finance-related controls. It does not manage the client account or replace accounting systems.

Documented finance compliance controls

The COFA should be able to show that finance-related compliance policies and procedures are documented, current, and version-controlled — and mapped to the obligations they support.

Reviews and approvals

Each policy or control update should carry a record of who reviewed and approved it, when, and why — a clear decision trail behind the controls.

Staff acknowledgement

The COFA should be able to evidence that the people responsible for finance-related controls have read and acknowledged the current policies — showing controls are understood, not just written.

Audit preparation

When controls are reviewed, the COFA should be able to export the policy, approval, and acknowledgement evidence behind them on demand, rather than assembling it manually.

Reglo helps firms keep this evidence organised and audit-ready — humans approve every change. AI drafts and organises; your compliance team decides.

This guide is general information for compliance teams, not legal or regulatory advice. Always refer to the SRA's current guidance and take your own professional advice where needed.