Due Diligence – Regulatory Obligations.

In News by Elton Rangi

An important first step in engaging a security provider is to carry out due diligence around business governance and regulatory obligations.

It terms of regulatory obligations, its a very simple process via the PSPLA (Private Security Personnel Licensing Authority) via a public register.

Information held in the public register lists whether a company or person holds a Company Security Licence or Certificate of Approval (COA). The register also notes, if licences have expired, if regulatory training has been completed, if an applicant has been denied a licence or if a licence has been suspended.

The public register lists class and conditions of the licence holder, whether its a Company or Certificate of Approval (COA) holder.

We highly recommend clients request security licence information from security companies and or persons, clients are looking to or have engaged to provide a security service or presence.