Our Compliance Healthcheck gives you comfort and peace of mind that you have appropriate compliance arrangements in place, from checking your policies, procedures, manuals and documentation through to assessing the effectiveness of your compliance framework.
The objective is to provide a reasonable assurance that you have sufficiently robust compliance controls in place to mitigate the risk of non-compliance with the rules and regulations. Controls can include documents such as policies and procedures, training, organisation structure, management information, independent checks, verifications or approvals.
You can select from three Compliance Healthcheck service options, depending on the level of scrutiny you require. Whichever option is selected our reviews cover 11 key areas:
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1. your systems and controls; 2. threshold conditions; 3. code of conduct; 4. fitness and propriety; |
5. prudential standards; 6. conduct of business; 7. client and money assets; 8. market conduct; |
9. product governance; 10. supervision; and 11. complaints. |
The three service options
| What we check |
Level 1: Documented |
Level 2: Embedded |
Level 3: Effective |
| Compliance with latest regulations | ✔ | ✔ | ✔ |
| How compliance arrangements are communicated | ✔ | ✔ | ✔ |
| Staff awareness | ✔ | ✔ | |
| Effectiveness of the controls | ✔ | ✔ | |
| How you identify deficiencies | ✔ | ||
| How you address deficiencies | ✔ |
Benefits
Independent assessment
Identifies weaknesses
