IGUV's back-up solution IGUV offers a back-up solution for asset managers who want to handle their compliance duties independently as far as possible, but who want to call on a compliance specialist when complex issues, problems or new situations arise. The solution is also referred to as the 3rd line of defense, or in English, "the third line of defense".
IGUV's compliance expert, Christian Baerlocher, has been working as a compliance officer for over 20 years and as a self-employed, independent compliance function for various financial services companies for the past five years. His extensive experience with FINMA and other regulatory authorities makes him a valuable partner for asset managers.
IGUV-members can use the services of Christian Baerlocher once a year for 2 hours free of charge. For simple questions, solutions can already be found within these 2 hours. For more complex issues requiring more time, IGUV charges the member CHF 300 per hour. Before Mr. Baerlocher begins with the consultation, you will receive a detailed offer, which shows the costs incurred.
As a IGUV member, you can use the form below to describe your problem and get a solution to your compliance challenges. Use this point of contact as a compliance back-up when you are stuck with your own expertise or don't have time to complete your compliance tasks.
The 3rd line of defense at IGUV offers asset managers a flexible solution for their compliance needs. Here, the asset manager handles all compliance tasks that are possible on his own. Only in the case of complex issues or new situations is a specialist called in. Our compliance expert Christian Baerlocher is available to members of IGUV for such cases. If a member has a question, they can submit it via the form on our website. Before Christian Baerlocher begins consulting, the member receives a detailed quote that transparently lists all costs incurred. Members can use his services once per case and year for two hours free of charge. In the case of minor issues, simple problems can already be solved within these 2 hours. The costs for this are covered by IGUV . However, if the problem is more complex and requires more time, the member will be charged CHF 300 per hour.
The 3rd line of defense at IGUV offers asset managers a flexible and cost-effective solution for their compliance needs. Compared to a full outsourcing solution, the asset manager saves significant costs. Since the asset manager continues to independently fulfill a majority of their compliance obligations, they retain control of their business processes and bear the liability risk. The 3rd line of defense offers asset managers the opportunity to leverage Christian Baerlocher's expertise when it really matters. In addition, IGUV offers free support to members, which can help resolve minor issues quickly and effectively.
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