The future of asset managers under FINSA/FINIA

IndustriesFinancial servicesAsset management

FINSA/FINIA

The new financial market regulations, FINSA/FINIA, came into force on January 1, 2020. These regulations introduce changes for asset managers. Despite a transition period, asset managers should start addressing implementation issues. With our comprehensive support, we can help you make a seamless transition.
Timing_Flyer_LSFIN-LEFIN_ENG_VF

Your challenges

The individual asset managers cannot be compared like for like because of different business models, AuM structure, business volume and clients. Consequently, there is no overall “one-off solution” when it comes to implementing FINSA/FINIA. It also takes time to analyse the situation and decide on how to implement the new structure. 

Info_Flyer_LSFIN-LEFIN_ENG_VF

Our solution

We offer you a full range of services to support an efficient implementation of FINSA/FINIA.

Healthcheck

  • Analysing the concrete situation of the Asset Manager and finding the best option, considering also their individual future plans
  • Analysing the current setup (policies, Governance, etc.) of an asset manager and compare with requirements as an Asset Manager under FINIA (GAP-Analyses)

Application support

  • Support with the preparation of the application for an “individual asset manager” or an “asset manager for Collective Investment Schemes” (including Governance, policies, etc.)
  • Support throughout the application process (finding partners, outsourcers, auditors, etc.)

Application audit

  • Official application auditor in case you apply for a license as an “asset manager for Collective Investment Schemes” (requirement) 
  • Voluntary review of  the application and its appendices (voluntary)

Recurring audit 

  • Recurring statutory auditor (full scope audit) and regulatory auditor after receiving the license as an asset manager for Collective Investment Schemes
  • Recurring statutory auditor (full scope or limited audit) and regulatory auditor for the supervision organization if required after receiving the license as an “individual asset manager”

Further alternatives

  • Evaluation of other options such as e.g. sale of AuM, winding down the business, etc.
  • Support if you are looking for potential take over candidates (mergers)
  • Support in case the business should be sold