New requirements for asset managers
The Collective Investment Schemes Act (CISA) as well as the upcoming Financial Institutions Act (FinIA) and the Financial Services Act (FinSA) impose the requirement of an appropriate organizational structure on asset managers.
Segregation of duties between asset management and Compliance
An appropriate organizational structure implies a segregation of duties between client advisory or asset management functions and Compliance, risk management and internal control functions.
In addition, all individuals who perform the above mentioned functions must be appropriately educated and professionally qualified.
Outsourcing the Compliance function
Given that many asset managers neither dispose of sufficient staff nor of the required professional qualifications to ensure an independent and appropriately qualified Compliance function, the legislator stipulates that the Compliance function can be outsourced to an external service provider.
Advantages of an outsourced Compliance solution
By outsourcing the Compliance function to Compliance Group we help you to become fully compliant with all regulatory requirements that apply to you and enable you to focus on your core competences.
An outsourced Compliance solution has the following additional advantages:
- Cost efficient
- Ensuring an appropriate organizational set-up
- Your Compliance Officer is regulary on-site and can always be reached by telephone or e-mail
Activities of Compliance Group
It is up to you to define which activities should be performed by us as your outsourced Compliance function. This can include the following activities:
Compliance Group AG
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