Annual Assurance Statement
The Association's Management Committee must return an Annual Assurance Statement every year to the Regulator to confirm its level of compliance with Regulatory Standards and Requirements, and if applicable, identify any areas of non-compliance along with strategies to ensure future compliance.
The outcome of our Assurance process helps inform the Regulator to publish an Engagement Plan for the next year, which includes a 'regulatory status' - a judgement on whether we comply with Regulatory Standards and Requirements.
While the Committee, as our Governing Body, oversee that our operations are compliant, they are not generally involved in the day-to-day operational affairs carried out by staff. The Statement is therefore an effective way for the Committee to confirm that they have enough evidence throughout the year to give them the confidence to confirm regulatory compliance. To date, the Association has never submitted a statement of non-compliance, highlighting that our members receive quality, detailed information at meetings.
Statements must be submitted between April and October annually, so along with our recently submitted 2024 Assurance Statement, please find below the Association's submissions from previous years: