BVRLA appoints auditors to launch 2016 governance programme
The regime will be introduced in January 2016, as the BVRLA issues five sector-specific versions of its mandatory Code of Conduct. The programme will help rental, leasing, commercial vehicle and broker members to assess and demonstrate their compliance with the BVRLA and other regulators, such as the Financial Conduct Authority (FCA) and Competition and Markets Authority (CMA).
Under the latest announcement, assessors from the AA will carry out the quality assurance inspections for the association’s corporate members, while CCAS will audit the BVRLA’s leasing broker members.
The BVRLA will be carrying out in excess of 500 audits in 2016 under the new governance programme, which will be run by the BVRLA’s dedicated Compliance Officer. Any member who does not adhere to the Code of Conduct and does not rectify areas of concern raised in an audit can be expelled from the BVRLA.
“We went through a rigorous selection process ahead of making this decision,” said BVRLA chief executive Gerry Keaney. “We were impressed with the AA’s IT infrastructure and national coverage, while CCAS was chosen for its impressive knowledge and experience of the leasing broker sector.”