AFSL Compliance Review

Most AFSL holders conduct an external compliance review at least once every 12 months. The review covers the compliance documentation, procedures and processes to ensure that regulatory requirements and AFSL authorisations and conditions are met.

Suggested areas of external review for AFSL holders are listed below:

  • Compliance Governance;
  • Compliance Plan and Policies;
  • Compliance Monitoring / Internal Audit (if any);
  • Compliance Training;
  • Disclosure;
  • Conflicts of Interest;
  • Complaints;
  • Breaches & Incidents;
  • Training and Competence of Representatives;
  • Risk Management;
  • Outsourcing processes.

If you would like to obtain further information or assistance, please contact Sophie Grace directly.