Change Management
CG-06Review and comment on sponsor bank program modifications within ten days
How Leela would run itEvent-driven · each bank-initiated modification, within ten business days of the bank’s notice
From the policy libraryThe requirement
When the sponsor bank gives written notice of a modification to the program, the Company reviews the proposal and returns its comments within ten business days. The bank may act on shorter notice where needed to prevent a violation of applicable law. Once the modification is settled, its implementation is registered and run as a change under this policy on the timeline the program agreement sets.
- Applies
- Tell Leela about your company to see whether this applies.
- Status
- Setup needed
Tell Leela how you handle it today, or hand it over: see what’s next.
The work
Log the bank’s notice the day it arrives, assess the operational and compliance impact, return the Company’s comments inside the window, and open a change request for the implementation.
What Leela keepsThe evidence this obligation leaves, as the work happens
Listed from the policy libraryContents
- 01Bank modification notice and responseDate received, comments returned, date returned, days elapsed
- 02Implementation change requestChange identifier linked to the bank’s notice
Evidence
Bank modification notice and response
Change Management §4.6
2
of 2 records
The work and the records come from this obligation in the policy library.