Definition: An Active Connection on the REG Network refers to a billable connection that your organisation has established with another company, such as a broker, MGA, insurer etc, for the purpose of ongoing compliance monitoring and due diligence.
By activating a connection, you gain access to real-time monitoring of key updates related to that entity, including:
- Incorporation changes
- Credit status updates
- Regulatory status and permissions
- Document and certification tracking
This ensures you’re kept informed of material changes that could impact your business relationship.
Why We Use the Term "Active Connection":
We use the term Active Connection to clearly indicate that your organisation has chosen to monitor a specific company within the REG Network. It reflects a proactive compliance approach and highlights that the connection is billable, as it initiates automated monitoring and risk alerts.