Leveraged or Accepted Supervisory Activities

You may receive notifications that an agency is leveraging another agency’s Supervisory Activity for your company. Or you may receive notifications from SES indicating that an agency has accepted aSupervisory Activity) for your company.

The purpose of this article is to help you understand the concept of “leveraged” and “accepted” SAs and what they mean for your company.
Note: If you are conducting an Investigation, you cannot leverage an SA.

Leveraged Supervisory Activities

An agency can leverage another agency’s SA for your company. This is typically done when an agency sees that an SA has been conducted on your company already, and they can accept most of the agency’s SA as sufficient for their own purposes, but may need to do some more work or take some additional follow-up steps to ensure their supervisory requirements are met.

You are notified about a leveraged SA when the agency sends an information or loan request, at which point you would need to assign a company lead to the SA and respond to the agency’s requests. See Assigning the Company Lead on a Supervisory Activity for more information.

Ultimately, participating in a leveraged SA means less of a regulatory burden for your company because the agency is leveraging the work already conducted in a previous exam.

Accepted Supervisory Activities

An agency can also fully accept another agency’s closed SA for your company. This is typically done when an agency sees that an SA has been conducted on your company already, and they can accept the other agency’s work as a fulfillment of their supervisory requirements.

Note: You may or may not be notified when an agency has accepted an SA for your company. It is optional for the agency to do so. In either case, there is no action required for your company.

Ultimately, when an agency accepts another agency’s SA for your company, it means one less exam for your company.