Monthly Compliance Monitoring Review

REGULATORY REQUIREMENTS

  • <br><br>Do you provide financial services in respect of:<br><br>a) White label Funds/ Third Party Collective Investment Schemes<br>b) CIS Manager<br>c) other (describe)<br><br>List the Legislation and the applicable codes of conduct which apply to your business in your risk plan and ensure that you have a copy of these in your compliance file"<br>

  • Collective Investment Managing

  • White Label Funds

INTERNAL PROCESSES

  • Confirm that you have a documented portfolio management process?

Mandate

  • Is your mandate still approved?

  • Do you keep a signed mandate on record in each client file?

  • Do you have a process in place to inform clients properly about the risks inherent in different markets and practices?

Discretionary code of conduct - fact find and risk profiling

  • Confirm that where you do business directly with a client that you ensure an adequate fact find, as well as risk rate every client and attach such document to the mandate?

  • How do you ensure that once a risk profile of a client has been determined, the risk of the product ultimately entered into, matches the risk profile of the client?

Code of Conduct - netting

  • Confirm that when trades are done, no netting is taking place?

  • Confirm that no assets have been swopped between individual client portfolios

  • Did any large withdrawals occur during the last 3 months? This could either be in terms of shares or any of the funds

Complaints

  • Were any complaints lodged during the last 3 months?

Finalising the Audit

  • Select date

  • Compliance Officer

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