Outsourcing of CICO/ISCO functions

Ensuring the reliability and compliance of your activities, organization, and processes

Your challenges

The progressive tightening of the regulatory framework following the 2008 financial crisis has become a major strategic issue, requiring investment service providers to implement an efficient, rigorous, and fully compliant internal control and compliance system that meets the expectations of supervisory authorities.

• Do you wish to delegate or receive support in managing the CICO/ISCO functions ?
• Are you looking to better anticipate and manage your financial, operational, compliance, and commercial risks?
• Do you want to train and raise awareness among your teams about compliance, internal control, and ethical conduct issues?

Our solutions

With its extensive expertise, RSM France offers a comprehensive and tailored range of services in regulatory, operational, and strategic support for portfolio management companies (PMCs) and other investment service providers (ISPs) subject to oversight and reporting obligations to supervisory authorities (AMF, ACPR).

Whether temporary or ongoing, our support is tailored to the specific challenges, regulatory constraints, business activities, and growth prospects of our clients, helping them better anticipate operational and compliance risks across their organizations and processes while protecting their brand image and reputation.

Delegation of CICO/ISCO functions and periodic control

• Delegation of CICO/ISCO functions (second-level permanent control)
• Delegation of periodic control activities
• Implementation, prioritization, and monitoring of compliance and internal control plans and/or periodic control frameworks
• Execution of second-level permanent control and/or periodic control procedures
• Assistance with regulatory reporting obligations for PMCs and investment funds (FRA-RAC, AIFM Reporting, AML-CFT Reports, etc.)
• Drafting and presentation of summary reports to supervisory bodies and executive committees, including follow-up on recommendations and action plans

Regulatory watch and training

• Continuous monitoring of regulatory developments in asset management and investment services
• Delivery of a quarterly regulatory watch report as part of the delegation or by subscription
• Ongoing monitoring and transmission of alerts on applicable regulatory deadlines
• Analysis and presentation of the impacts of regulatory changes on business operations and internal frameworks
• Design and facilitation of training sessions (AML-CFT, MiFID II, Market Abuse, etc.) delivered in person and/or online

Assistance and advisory services

• Support in drafting and updating compliance documentation (procedures, policies, risk mapping)
• Assistance with technical queries and regulatory updates
• Support in preparing annual and ad hoc reports
• Strengthening of the company’s compliance culture through operational staff awareness initiatives
• Ad hoc or recurring reinforcement and support of RCCI/RCSI functions for a defined period
• Assistance with the preparation of license application files, license extensions, and regulatory documentation
• Diagnosis of the internal control and compliance framework, and assessment of non-compliance risks on specific audit themes
• Support during supervisory authority audits and custodian controls
• Assistance in drafting response letters and implementing corrective measures following inspections