Actions
Corrective. Monitoring.
Escalation. One workflow.
The actions workflow of a compliance function: corrective actions, monitoring actions and escalations, each with an owner, a deadline and a trail back to what triggered it.
Actions, in the platform
Dashboard Actions 87
| Action name | Trigger | Owner(s) | Due date | Priority | Status |
|---|---|---|---|---|---|
| Investigate NAV pricing error on Meridian Global Bond Fund | NAV Calculation Accuracy Test — Q4 2025 | 18/08/2026 | Urgent | Active | |
| Enhanced due diligence on PEP-connected trust structure | Governance & Risk | 19/08/2026 | Urgent | Active | |
| File MLRO notification for PEP-connected trust structure | MLRO Function & External SAR Submission | 19/08/2026 | Urgent | Active | |
| Complete KYC remediation for 8 medium-risk corporate clients | KYC Remediation Programme — Phase 2 | 21/08/2026 | High | Active | |
| Remediate Q3 2025 CDD file review findings | AML/CFT CDD File Review — Q4 2025 | 22/08/2026 | High | Active | |
| Update Business Continuity Plan following failover test | Business Continuity Plan | 26/08/2026 | High | Active | |
| Refresh sanctions screening watchlist configuration | Sanctions list update — OFSI | 28/08/2026 | Medium | Active | |
| Close out investor complaint — delayed redemption payment | Complaints | 01/09/2026 | High | Active | |
| Review outsourcing agreement for transfer agency provider | Outsourcing (L1) | 04/09/2026 | Low | Draft | |
| Prepare board paper on revised risk appetite statement | JFSC Code of Practice Compliance Review | 05/09/2026 | Medium | Draft | |
| Refresh sanctions screening thresholds after OFSI list update | Sanctions list update — OFSI | 09/09/2026 | High | Draft |
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Details Notes Audit
Main Details
Action ID
65
Title
Action Type
Corrective
Description
The Q4 2025 NAV accuracy test found a pricing-source mismatch on two fixed-income lines. Establish the root cause with the administrator, quantify the impact per dealing day, and confirm whether investor notifications are required.
Evidence Collected
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Conclusion
What it does
Actions, in the function you actually run.
Three action types, each with an owner, a deadline and a trail back to what triggered it. Actions raised from a failed test are linked back to the test; actions raised from a regulatory change are linked back to the change.
- Linked to the trigger: the test result, the breach record, the regulatory change.
- Owners, deadlines and automatic reminders so nothing sits unowned.
- The trail of escalations sits next to the trail of fixes, so auditors see both.
Also in Vantage Point
The rest of the system.
Questions
Questions about actions.
- What kinds of actions are there?
- Corrective actions raised by a failed test, a breach or a finding; monitoring actions that keep an eye on something over time; and escalations when an item needs a more senior owner. Each carries an owner, a deadline, a priority and a status of Draft, Active, Complete or Archived.
- Where do actions come from?
- From the trigger. A failed monitoring test raises one automatically; a register entry, a regulatory change or a risk review can open one; and you can raise one by hand. The link back to the trigger is kept, so an auditor sees why the action exists as well as what was done.
- How do reminders work?
- Owners get reminders as the deadline approaches and when it passes, and the dashboard shows what is overdue by owner. Nothing sits unowned: an action always has a named person and a date.
- Can actions be reported on?
- Yes. The actions report is one of the seven report types, filterable by entity, owner, status and priority, and exportable to Excel for the committee pack or the regulator.
- Do actions work across client entities?
- Yes. Actions are entity-scoped like everything else, so a fund administrator or an outsourced compliance officer sees each client's actions in that client's context and the consolidated view across the book.
Related
Actions, further in.
Next step30 min · Tailored · No deck
See actions running on your firm's structure.
A 30-minute walkthrough using your entities, your licences and a real workflow you bring to the call. No slide deck.