What is the purpose of a 'Compliance Visit'?

The purpose of a 'Compliance Visit' is fundamentally centered around inspecting a sponsor's adherence to regulations. During these visits, trained personnel examine how well the sponsor follows the established rules and guidelines set forth by governing bodies or organizations. This process is crucial for ensuring that all practices align with legal and regulatory standards, which helps maintain the integrity and reliability of operations within the industry.

Compliance visits allow for a thorough review of processes, policies, and practices to identify any discrepancies or areas in need of improvement. By focusing specifically on regulatory adherence, these visits aim to foster a culture of compliance that ultimately benefits stakeholders, including employees, customers, and the wider community.