RMC Wise Ltd offers a range of services including but not limited to *Risk Management*, *Regulatory Compliance*, *Financial Services Consultancy*, *AML/CFT Compliance*, *Internal Audit*, and *Regulatory Reporting Services.*
Annex IV Reporting
In line with Article 3(3)(d) and Article 24(1), (2) and (4) of Directive 2011/61/EU and Article 110 of Regulation 231/2013, AIFMs are required to submit Annex IV Reporting to the national competent authorities. RMC Wise can help to ensure compliance with such requirements in a timely manner, both in terms of the compilation of reports as well as the conversion to XML format that is required for the submission of such reports.
Annex V Reporting
As per the requirement of the AIFMD, Annex V reporting is applicable on a mandatory basis for: (a) full scope AIFMs, and (b) de minimis AIFMs (collectively referred to as "the AIFMs). Our team can assist in the preparation of this reporting based on the relevant reporting frequency.
Solvency Reporting
RMC can be of assistance with the necessary submissions emanating from the Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance, more commonly referred to as the Solvency II Directive, with particular focus on the Tripartite Template.
Liquidity Stress Testing Reporting
In order to comply with the Guidelines on liquidity stress testing in UCITS and AIFs issued by the European Securities and Markets Authority (ESMA), managers are expected to carry out liquidity stress testing on the funds under management on at least a quarterly basis, or more frequently as deemed necessary through a risk-based approach. RMC can help in the preparation of these reports to assure this is being performed as expected by authorities.
EET and EMT Reporting
RMC can assist in the drawing up of the European MIFID Template (EMT) and the European ESG Template (EET) with the purpose of enhancing corporate governance and instilling a higher degree of transparency of the funds under management.
PRIIP Reporting
The Packaged Retail Investment and Insurance Products (PRIIPs) Key Investor Document (KID) is a short pre-sale disclosure aimed at providing retail investors with the information necessary to make an informed investment decision. PRIIPs regulation requires a KID when financial products are sold to retail investors with the aim of providing information which is essential and standardised. This includes document includes computations of Summary Risk Indicators, performance scenarios and cost calculations.
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FAQ'S
What services does RMC Wise Ltd provide?
What is Risk Management, and how does RMC Wise Ltd approach it?
Risk Management involves identifying, assessing, and prioritizing risks to minimize, monitor, and control the probability or impact of an event that may or may not have a negative outcome on the Company. RMC Wise tailors risk management solutions based on a thorough understanding of each client's risk profile, business model and overall objectives, offering services such as governance, policies & procedures, enterprise-wide risk assessments, outsourced risk management functions, and cyber risk support.
What is Regulatory Compliance, and why is it important?
Regulatory Compliance ensures that a business adheres to external rules and internal controls imposed by regulatory bodies. It aims to protect license holders and their clients, ensure fair and transparent markets, reduce systemic risk, and combat financial crime. The Compliance Function advises and assists personnel in complying with legal and regulatory obligations, regularly assessing the effectiveness of measures and procedures in place. This is done through the effective implementation of a risk-based Compliance Monitoring Programme (CMP).
How does RMC Wise Ltd assist with AML/CFT Compliance?
RMC Wise Ltd helps businesses meet their Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) obligations by providing services such as risk assessments, customer due diligence, ongoing monitoring, transaction reporting, and AML training. They assist firms in implementing robust frameworks to prevent financial crime and comply with regulatory requirements.
What Internal Audit services does RMC Wise Ltd offer?
RMC Wise Ltd provides independent Internal Audit services to its clients. Internal Audit is crucial for ensuring the efficiency, security, and compliance of an organization. It provides independent assurance that a company’s risk management, governance, and internal control processes are functioning effectively. Moreover, Internal Audits help identify weaknesses, improve operational efficiency, and ensure compliance with regulatory requirements, reducing the risk of fraud and financial mismanagement. Our services include reviewing compliance with regulatory requirements, evaluating operational risks, and offering recommendations for process improvements to ensure organizations operate efficiently and securely. This is done through the effective implementation of a risk-based Internal Audit Plan.
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