) B. Direct&Supervise&Review B Direction, supervision and review responsibilities: Firm's Reference /Guidance Notes Description 1 Has the firm established policies and procedures for direction and

. Operations only The activity complies with the green thresholds established for the specific kinds of ships (Table 15) as well as additional criteria in the Section 3.5.1 The activity must follow an individual

,” describe how the firm monitors its independence 18 Does the firm review unpaid fees from clients to ascertain whether any outstanding amounts may impair the firm’s independence? a. If “yes,” answer the