Requirements and records register
The requirements and materials reviewed, their owners and the information still needed.
OUR SERVICES
Regulatory gap assessments and implementation support
An assessment establishes the firm’s current position against the requirements in scope and sets out the work needed. It can cover a specific concern or a wider set of related obligations.
ASSESSMENT SCOPE
What the review involves
We agree the business activities, regulatory areas and records to be reviewed, together with the questions management needs answered. The work can include policies, control records, systems, responsibilities and reporting.
We discuss the findings with the relevant teams and distinguish gaps in the firm’s arrangements from gaps in the information provided. Any requirement for specialist advice is established during scoping.
DELIVERABLES
What your team receives
Findings report
The gaps identified, their operational implications and the limitations of the assessment.
Action plan
Recommended changes, dependencies and proposed owners for management to review and prioritise.
Management report and review
A report for management covering the findings, outstanding decisions and recommended actions, followed by a discussion with the responsible teams.
DELIVERY ARRANGEMENTS
Working with your team
Client involvement
We need a nominated lead, access to agreed records and time with the people responsible for the relevant processes and controls. The schedule is agreed before the engagement starts.
Lexa implementation and further support
The assessment can inform your Lexa implementation, including the records to migrate, responsibilities and review workflows to configure. Your team can also take the action plan forward independently. Further implementation or delivery support is scoped separately.
Professional responsibilities
The assessment supports management decisions. It is not a legal opinion, independent audit certification or guarantee of regulatory compliance. Specialist judgments and approvals remain with appropriately authorised people.
View a sample finding