Print the matrix and use it as the standing reference document for your COLP compliance committee agenda item. Each quarter, mark which gaps are remediated (✓), in progress (~), or open (✗). Over time this produces a documented, dated compliance committee record showing systematic AI governance improvement — exactly the evidence the SRA looks for when investigating whether a firm has adequate compliance arrangements in place.

Use the matrix as the AI governance risk dashboard in your management board pack. The severity column (Critical / High / Medium) gives leadership the prioritised risk picture without requiring them to understand ISO 42001. The SRA obligation column translates each gap into the regulatory language the board will recognise. The consolidated artefact column converts the board presentation into a remediation action list with named outputs.

If your firm receives an SRA request for information or a formal investigation involving AI use, use the matrix to structure your evidence response. For each gap, the SRA obligation column identifies the specific Standards and Regulations provision your evidence must address. The consolidated artefact column identifies the document the SRA will look for. Annotate the printed matrix with your evidence references — it becomes the investigation-ready evidence map you can share with the SRA directly.

Use the severity column to build your remediation roadmap in the correct regulatory priority order: Critical gaps (G4 Risk Assessment, G6 Data Governance, G7 Client Disclosure, G8 Human Oversight) must be addressed before High gaps, and High gaps before Medium. Assign a named owner and target date to each gap using the consolidated artefact column to define the deliverable. Present the roadmap to the board with the matrix as the evidence that the prioritisation is risk-based, not arbitrary.

Use the EU AI Act article cross-reference column when assessing AI vendors under SRA Code 6.3 outsourcing obligations. For each gap, the EU AI Act article identifies the regulatory obligation your vendor assessment should address — particularly relevant for firms using AI tools that may meet the high-risk classification threshold. This gives your vendor evaluation framework a dual regulatory anchor: SRA outsourcing obligation and EU AI Act supply chain requirement in one reference document.