Investment firms and investment funds managing and administering investment funds pursuant to the Act No. 240/2013 Coll., on Investment Companies and Investment Funds shall ensure the performance of internal controls - compliance and internal audit in the company.

COMPLY offers external compliance and internal audit service for investment firms and investment funds operating in the Czech Republic.

COMPLIANCE

The service includes the following activities: 

• Creation and continuous revision of internal regulations of an investment fund administrator (ensuring compliance with the legal regulations and opinions of ČNB)
• Continuous internal control of compliance with legal obligations when administering the investment fund, and the management of governance and control systems of an investment fund administrator
• Training of the investment fund administrator’s employees
• Coordination of communication with the ČNB (requests, state control, registration procedures, etc.)
• Coordination complaints and the fund shareholders’ claims
• Consultation and advice to the investment fund administrator’s employees
• Communicating legislative changes relevant to the activity of an investment fund’s administrator
• Coordination of measures to eliminate money laundering and terrorism financing

 VNITŘNÍ AUDIT

The service includes the following activities: 

• Preparation of an annual internal audit plan
• Preparation of a medium-term internal audit plan
• Performance of individual audits in accordance with an annual internal audit plan, writing reports about the audits performed
• Preparation of an investment fund administrator’s risk analysis
• Continuous monitoring and control of the remedial measures imposed on the basis of the internal audit findings
• Preparation of the final annual internal audit report, including the evaluation of the functionality and effectiveness of the investment fund administrator’s management and control system
• Informing the investment fund administrator’s management of the findings