REP 37 魅影直播 verification visit program: Key findings
Released September 2004.
Between December 2002 and July 2004, 魅影直播 conducted verification visits on 353 Australian financial services (AFS) licensees. The licensees were randomly selected to cover a wide range of sectors within the financial services industry.
The purpose of 魅影直播鈥檚 program of verification visits was to:
- check that certain statements made in a licensee鈥檚 AFS licence application (primarily Part B of the application) were true; and
- ensure that the licensee鈥檚 procedures covering: compliance; supervision of representatives and authorised representatives; financial resources; risk management; internal dispute resolution; and compensation were in place and operating in practice.