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Appendix B2 Tier 3 Consolidated Code and Financial Standard / continuedCurrent CodeRequirementAHB complies with charities requirements 3AHB complies with conditions of Approved Body Status 3AHB has a number of Board policies in place including membership,membership renewal, code of conduct, conflict of interest and aregister of interestsNo individual may be elected or appointed as director / trustee orsenior employee of an AHB where they have a material interest /benefit arising from the AHBs operations.33AdditionalFinancialStandardRequirements4from 2016Maintenance of a risk register identifying key risks, likelihood ofthem occurring and proposed actions to mitigate risk 3Alert Regulation Office of Notifiable events 3Meeting with Regulation Office annually 3Financial and Business ManagementHave a Finance Committee3to be phased outNo longer requiredHave an Audit and Risk Committee 3Have a tax clearance certificate 3Have a sinking fund 3Perform regular stock condition surveys and ensure they areexternally validated 3Submit the Annual Report (if available) and Financial Statements(with Directors Report) / accounts 3Have an external audit process in place 3Submit audit management letter and management responses 3Have an asset register 3Have a strategic plan 3Have a 3 year financial plan in place3to be phased outHave a board approved business plan with 30-year financial projections 3No longer required4. In the 2016 calendar year the Annual Return Form relating to the 2015 Financial Year will issue and will have to be completed in accordance with theCombined Code and Financial Standard provisions.viiiHousing Agency Regulation Office