compliance

Compliance

Financial enterprises are confronted with increasingly complex legislation and regulation. Every such enterprise should have a compliance role and compliance instrument in place. This instrument states which regulations employees should adhere to and how compliance with these rules is supervised. Our compliance specialists are eager to assist you. Ensuring that rules are kept and reputations remain intact.

MiFID II

The MiFID II and its implementation puts extra demands on your compliance. From large banks to small asset managers, the legal and compliance specialists of Charco & Dique help your organization to comply with the extra demands. Read more about MiFID II and what we can do for your organization.

External compliance officer

When you don’t have a compliance officer or need additional support for your current compliance officer, you’re also at the right address. By using an external compliance officer, objectivity and expertise are guaranteed. We can either set up the compliance role at your organization and perform all of the activities on your behalf, or we can support your compliance officer by utilizing all of our knowledge and experience.

Management of compliance risks

Visibly complying with financial legislation influences the processes of an organization greatly. In the financial sector it’s crucial to stay in control of risks and to account for them in a visible manner. To ensure you are on top of this, we want to help you manage compliance risks by:

Conducting a compliance risk assessment;
Determining which management measures are already in place and whether these are adequate;
Setting up compliance related policies and procedures, and rewriting processes if needed;
Drafting compliance monitoring programs;
Designing compliance reports.

Compliance advice

Are you looking for advice or do you want to know more about whether you meet specific legislation and regulation? Amongst others we consult on these subjects specifically:

Scope of issues (should I comply with legislation?);
Advertisements, websites, key features documents, contracts and product information;
Product development and product reviews;
Sound remuneration policies.

Compliance research

Want to be sure you comply with specific parts of legislation? It’s our pleasure to help you by:

Carrying out reviews and inquiries (possibly in cooperation with your IAD) aimed at compliance with legislation and regulation;
Performing integrity investigations aimed at the organization as a whole or at specific people.

Compliance training

We offer in-house training programs on compliance related subjects to increase the in-depth knowledge of your employees. These programs are often tailor-made and take specific target audiences and their wishes into account. Aside from compliance officers, we also offer coaching and support for directors and regulators of financial enterprises.

Understanding national and international financial legislation

We are eager to help you gain an in-depth understanding of all the legislation and regulation that is applicable to your organization. In order to maintain a clear overview and gain insight in current and future legislation, we offer a legal framework with all relevant norms. We keep this framework up-to-date with our software package Ruler. We also help you implement new legislation in a timely manner.

Strategic advice on new initiatives

Of course new initiatives are just as obligated to comply with legislation and regulation as your existing business. It’s our pleasure to assist you during discussions with regulators and to make sure together that your new initiatives are also fully compliant.

Designing the compliance role and framework

Transparent governance can only be achieved through a clearly designed compliance role and adherence to specific requirements. We would love to support you in creating a compliance role in your organization. The compliance role has to meet specific requirements during the initial design. These requirements make sure that the role facilitates transparent governance and principles.

We can assist you in setting up this role, building the compliance charter (stating the risks, roles and the people responsible for managing compliance risks) and compliance manual (stating the compliance activities).

Ruler

Being the director of a financial enterprise, it’s crucial to know exactly which demands are relevant to your organization. You’re responsible for adapting your business, activities and products to new norms in a timely manner. A subscription on software package Ruler helps you maintain an overview of relevant and current legislation.

Want to know more?

At Charco & Dique, we not only have detailed knowledge of the ever-changing financial laws and regulations, but we also have the experience to support our clients in their application like no other. Sometimes strategic, sometimes pragmatic, but always sustainable and forward-looking. Would you like to know more about the possibilities? Please contact us.