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Regulatory & Compliance

Implementation of Risk Management & Compliance for Asset Managers and Trustees

After the licence is before the audit: Following the granting of the licence, asset managers and trustees must put the newly developed risk management and compliance framework into practice, which is very important for a smooth audit later on. A key challenge is the documentation requirements, because in the future asset managers must, for example, keep a "watch list" of any insider information that may exist and a "restricted list" of any prohibitions or restrictions on trading in certain financial instruments. In addition, asset managers and trustees will now be prudentially monitored by supervisory organisations.

In his article in the Handelszeitung of 6 April 2023, Dr. Fabian Schmid summarises the most important points that need to be considered in the context of the future regulatory audit.

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