Compliance
We see compliance as government enforced risk management. While the function is to adhere to the laws of the land, the outcome is usually compulsory risk mitigation. ARC Solutions can assist your firm by advising on the latest compliance best practice principles, including CISCA and ISO standards. We take a non-administrative approach in the implementation of compliance controls and firmly believe in a bespoke solution for each client.
Combining the Regulators intent with our understanding of your business architecture, we are able to find solutions for you which both satisfy the regulator and your bottom line.
Our expert consultants are ready to help you with compliance practices that work and add value to your business.
OUR SERVICE OFFERINGS:
*(the following list is not exhaustive. Interested parties should contact us when requiring specific services.)
COMPLIANCE LICENSING SERVICES
Do you require assistance in preparation for a regulatory license? We can assist with:
- Drafting and editing of new or current documents and policies.
- Collation and preparation of your application pack.
- Review your prepared application pack. Providing a report on the degree of application readiness.
- Advisory assistance during regulator feedback sessions.
COMPLIANCE AUDITS
Not sure if your compliance department is keeping your business safe from regulatory risks? Our extensive audit reports aim to educate on where systems are working, and where there are any shortfalls that require consideration and remediation.
Variable audit services are:
- Full compliance department
- A specific division or branch
- Isolated legislative requirements
DEVELOPMENT AND BEST PRACTICE IMPLEMENTATION
We give you the tools to manage your compliance requirements. Our tailored solutions help you maintain business targets.
- Compliance Risk Management Plans.
- Policy and process development.
- Compliance reporting protocols.
- Our training solutions provide for:
- The development of training material,
- Physical/digital training classes,
- Online training and testing platform (course completion progress tracking enabled).
OUR SERVICES AS LISTED ABOVE INCLUDE, BUT ARE NOT LIMITED TO, SUPPORT ON:
Financial Services:
- Financial Markets Act of 2012
- Collective Investment Schemes Control Act 45 of 2002
- Short-Term Insurance Act No. 53 of 1998
- Long-term Insurance Act 52 of 1998
- National Credit Act 34 of 2005
- The Banks Act
- Financial Advisory and Intermediary Services Act 37 of 2002
Data Protection:
- Protection of Personal Information Act 4 of 2013
- Promotion of Access to Information Act 2 of 2000
- GDPR
Labour Law:
- Basic Conditions of Employment Act 75 of 1997
- The Labour Relations Act 66 of 1995
- Employment Equity Act 55 of 1998
Should you seek assistance outside of the list provided above, kindly contact us as we may be able to offer a bespoke service to your requirements.
* ARC-Solutions does not act as a Compliance Officer on record with any regulator. However, we partner with select outsourced compliance practices should you also require this service.
HOW WE HAVE HELPED OUR CLIENTS:
Case #1
Uncovered financial fraud occurring at a Director level, which had been hidden for 12 years, which assisted shareholders in their commercial litigation in recovering their funds.
Case #2
Procurement of suitably qualified board members and key staff through our peer networks.
Case #3
Creation of governance frameworks compliant with best-practice standards and local laws for regulatory submissions.
Case #4
Reputational turn-around, helping a client with a poor industry reputation regain their standing and become a subsidiary of a bank.