SME banking audit reporting template and guidance

A template for banks that provide SME banking annual audit reports to the CMA.



In 2014, the Office of Fair Trading (OFT) agreed a package of measures (the 2014 Agreement) with a number of banks to:

  • improve awareness of the undertakings signed by the banks, among relevant staff
  • assist the CMA in assessing levels of compliance with the undertakings on an ongoing basis

The banks agreed to undertake a detailed annual audit of their systems and procedures for ensuring compliance with the undertakings.

In addition to this template, banks should also refer to:

Published 15 June 2018