You need to know what the Bank is trying to do. The Bank wants to check if licensed deposit takers are doing the right thing. The Bank does this by checking a few things. It checks if they have good policies and processes in place. You can think of it like a school having rules to keep everyone safe. The Bank checks if licensed deposit takers are following these rules. It also checks if the information they give to the Bank is correct. The Bank looks at how licensed deposit takers are run and if they are taking any risks. It checks if they are following any plans they have been given to fix problems, like a remedial notice or plan under subpart 4. The Bank also checks their money and how well they are doing. The Bank can review licensed deposit takers to see how they are doing. It can check all of them or just some of them. The Bank can do other things that help it check licensed deposit takers. These things are related to the other checks the Bank does.