Compliance

Compliance guarantees a secure environment for the Group, its employees and shareholders, and for holders of UCITS valued or held in custody by CACEIS, all in accordance with regulatory requirements.
The two main components of the Compliance function undertake continuous controls within the framework of their remits:

1. Compliance/depository control

ensures decisions taken by UCITS are compliant with regulations. This involves validating entries into relations with new clients, and undertaking systematic controls (ratios, inventories) and sporadic controls (audits and transversal studies) of asset management companies.

2. Compliance/continuous control

ensures continuous controls are coordinated throughout the Group. This team specialises in financial security (anti-money laundering), compliance and other second-level continuous controls carried out within individual entities. More specifically, work is geared to: 

  • ensuring compliance with laws and regulatory measures
  • training staff in, and heightening their awareness of, the different aspects of compliance  
  • controlling entries into relations with new clients via the KYC (Know Your Customer) approach
  • controlling transactions from an AML (Anti-Money Laundering) standpoint
  • controlling new activities/new products
  • controlling employees’ transactions on financial instruments 
  • controlling essential services outsourced by CACEIS
Compliance's five main responsibilities 
  1. act as an antenna for the regulator (AMF, BAFIN, CFB, CSSF, etc.)
  2. prepare standards
  3. disseminate information
  4. answer questions from staff
  5. undertake controls and reporting

Relations with regulators
  1. Heads of France’s TRACFIN (anti-money laundering) programme are appointed within the Compliance function
  2. Heads of Compliance for Investment Services (RCSIs) are appointed within the Compliance function

Law "Eckert"
  1. Synthèse Loi Eckert (in French)
Fonds de Garantie des Dépôts et de Résolution
  1. The FGDR is the organization whose mission is to protect customers from a failed bank or an investment service provider.