The Supervision of Financial Institutions Division is responsible for monitoring Authorised Firms, as well as acting as the first-point of contact between the QFC Regulatory Authority and Authorised Firms. Its risk-based approach to supervision allows this Division to focus on issues most likely to impact on its supervisory objectives and to provide for a more efficient use of QFC Regulatory Authority resources. A further key function of this Division is gathering information about Authorised Firms and monitoring the activities undertaken within the QFC to ensure that firms, both licensed and authorised, only conduct activities that they are licensed or authorised to conduct.