The securities brokers offering and providing investment services pursuant to the Act No. 256/2004 Coll., on Capital Market Undertakings shall ensure continuous performance of internal control - compliance and internal audit in the company.

COMPLY offers external compliance and internal audit services to banking and non-banking securities brokers operating in the Czech Republic.

COMPLIANCE

 The service includes the following activities:  

• Creation and continuous revision of internal regulations of a securities broker (ensuring compliance with the legal regulations and opinions of ČNB)
• Continuous internal control of compliance with legal obligations when providing investment services and the management of governance and control systems of a securities broker
• Training of the securities broker’s employees and the cooperating authorized representatives
• Coordination of communication with the ČNB (requests, state control, registration procedures, etc.)
• Coordination complaints and clients’ claims
• Consultation and advice to the securities broker’s employees
• Communicating legislative changes relevant to the activity of a securities broker

Coordination of measures to eliminate money laundering and terrorism financing (AML)

INTERNAL 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 a securities broker’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 securities broker’s management and control system

Informing the securities broker’s management of the findings