What are the current compliance challenges for IAMs in the year ahead? - Rolf Haudenschild

Rolf Haudenschild, Co-Founder, Head of Regulatory & Risk Services at Ingenia Consultants discusses the current compliance challenges for IAMs in the year ahead.

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1. What are the current compliance challenges for IAMs in the year ahead?

Video transcript

1. What are the current compliance challenges for IAMs in the year ahead?

For the year ahead, compliance for IAMs is probably still on the AML side. MAS has done inspections in the last year. They have already announced or published, some guidance on the findings they had there, so there are very clear indications by MAS on what their expectations are on IAMs, on the more general wealth management, font management landscape, and they will be looking further to enforce that. In addition, a challenge that I see coming is the accredited investor opt-in. The MAS has actually Compliance & Regulation 4 FEATURE ARTICLE postponed the implementation of the new regulations of the opt-in regime. That will now strike on 8 April 2019 instead of the beginning of the year, but the IAMs and wealth managers, more generally, really need to get their accredited investors sorted, who still meets the new criteria, who doesn’t, and then follow up with the accredited investor opt-in information and declaration.

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