All our expertises
Our expertise

Business Compliance — Investment services compliance framework

Use Case

Investment services compliance framework

Following an investment services provider (ISP) accreditation and an audit by the AMF that identified non-compliance issues, head of compliance department decided to conduct an assessment of the investment services compliance framework in order to implement a remediation plan

Valthena assisted the client in conducting the diagnosis, developing the action plan, and providing operational oversight for the remediation

The scope of the study includes:

  • Reception and transmission of orders for third parties, execution of orders for third parties, portfolio management for third parties, investment advice, account holding/custody
  • Insurance broker status for life insurance
  • MiFID and DDA regulations

  • Approach

    The project was structured around several phases:

    Assessment / diagnosis of the compliance framework

    • Exhaustive identification of non-compliance issues
    • Assessment of non-compliance risk
    • Evaluation of the degree of priority for actions based on operational and regulatory risk levels of non-compliance

    Development of the remediation plan

      • Definition of action plan / remediation plan in collaboration with business units
      • Presentation and validation of the action plan with senior management

      Remediation oversight

      • Oversight of responses to commitments made to the AMF
      • Oversight of the implementation of the action plan
      • Participation in operational implementation work in collaboration with business units and compliance (operational processes, procedures, business requirements…)

    1. Results

      1. Comprehensive review of obligations under MiFID and DDA,
      2. Mapping of residual non-compliance risks,
      3. Remediation plan,
      4. Oversight of responses to the AMF