Information
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Audit Title
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Client / Site / Office
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Conducted on
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This Audit was prepared by
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- Assent Legal Services (Pty) Ltd
- Nicky Eilers
- Max Simpson
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Location
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Personnel & Other
Monthly Compliance Monitoring Review
REGULATORY REQUIREMENTS
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<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>
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Collective Investment Managing
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White Label Funds
INTERNAL PROCESSES
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Confirm that you have a documented portfolio management process?
Mandate
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Is your mandate still approved?
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Do you keep a signed mandate on record in each client file?
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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
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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?
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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
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Confirm that when trades are done, no netting is taking place?
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Confirm that no assets have been swopped between individual client portfolios
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Did any large withdrawals occur during the last 3 months? This could either be in terms of shares or any of the funds
Complaints
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Were any complaints lodged during the last 3 months?
Finalising the Audit
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Select date
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Compliance Officer
