3.3.2

Onsite visits to Representative Offices are likely to focus on issues including:

(a) confirming that activities undertaken by the Representative Office are allowed under its Financial Services Permission;
(b) reviewing the adequacy of its systems and controls to comply with its responsibilities;
(c) reviewing the material distributed by the Representative Office to ensure it is clear, fair and not misleading;
(d) any solvency concerns with the head office or Group; and
(e) the firm's disclosure of its regulated status.