IGUV

COMPLIANCE OFFICER

OUTSOURCING

Instead of performing compliance and risk management audits themselves, an asset manager can delegate this task to an external IGUVcompliance service provider.

IGUV provided a web-based tool to perform these tasks online. The external compliance service provider commissioned with the audit no longer has to physically visit the asset manager to check the documents, but can perform all tasks and checks on the computer.

IGUV adopts 1:1 the specifications of the asset manager. In its organizational regulations, the asset manager defines which documents, which audits, in which detail and which periodicity must be audited.

SCOPE OF SERVICES
The outsourcing offer includes
  • The setup of the online compliance tool, according to specifications.
    One setup each:
    - Documents per custodian bank
    - Documents uVV
    - Risk management uVV
  • Adjustments to the setup. For example, if the bank or uVV creates new documents that need to be replaced.
  • Online training for all staff members and the compliance service provider
  • Support for questions about the tool
  • Regular updates
  • One login for each employee
  • Checking whether contracts and documents have been filled in completely and correctly.
  • Check that all signatures are present and valid.
  • MLA audits according to specifications.
  • Check whether investment guidelines fit in terms of risk tolerance and risk capacity.
  • Checking whether information and transparency obligations are complied with in accordance with the requirements.
  • Carrying out checks in connection with KYC and identification.
  • Risk-based audits, such as compliance with investment guidelines.
  • Conducting the audit with the auditor of the supervisory organisation.
  • Contact person for all compliance issues, vis-à-vis supervision, authorities and regulator.
  • Submission of revision deferrals, if possible.
  • Scheduling and monitoring of any deficiencies in the system.
  • Preparation of a compliance report as required.
Cannot be delegated
  • Clean up compliance deficiencies, e.g. obtain missing information, signatures or new documents from the client. Activities that require contact with the client.
Optional services subject to a charge according to expenditure
  • Scan the documents and upload them to the compliance tool.
  • Advisory services e.g. support for obtaining the FINMA licence.
  • Review of documents and contracts with regard to FinSA and FinIA compliance.
  • Preparation and submission of change requests, as well as notifications to FINMA, SO, ...
  • White labelling in the look and CI of the uVV website
  • Integration on the uVV website
RECHNER
This service is only available to IGUV members.
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