Due to
legal and various regulators’ obligations, those legal entities have huge
responsibilities to impose and maintain regulators’ standard and guidelines
within organisation, to meet legal requirements. The regulators’ requirements
and guidelines change from time to time. Hence, there are many changes occur
from time to time within our service provision, due to imposing this new
changes by legal entities. Every professional must be answerable to the legal entity as and when needed. Therefore, all other professionals must be working
towards the objective and standard imposed or set out by the legal entity. The
implication of the legal entity on the structure and managements are pointed
out in below -
·
Legal
entities are responsible to impose rules and guidelines and maintain standards according
to regulators standards and internal policies and procedures
·
Legal
entities must inspect or appoint someone to inspect or ensure regulators’
standards are being met within organisation.
· Legal
entities can take reasonable action to change organisational structures and
management if it is necessary.
·
Legal
entities can add or remove services or change any features of the existing
service within organisation