Abstract
The purpose of this paper is to suggest to Personal Investment Authority (PIA) members, and particularly to independent members of PIA, that their successful application to join the PIA and their submission of an outline compliance plan are only the planning stages of the major construction exercise that is to follow. Commitments have been given that will require a great deal of internal control, record‐keeping and reporting and it is necessary to consider the nature of the superstructure to be developed from the compliance plan blueprint.
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