Laven Partners independently validates compliance and regulatory set up of Chenavari operations
Posted on 27 Sep 2011
The regulatory and compliance processes of the Chenavari Financial Group businesses (which include Chenavari Investment Managers and Chenavari Financial Advisors) have been assessed by independent compliance consultants Laven Partners.
Throughout an in-depth assessment conducted both on and off-site during the past few months, Chenavari companies were tested in a number of areas and subsequently passed the independent checks.
Following Chenavari’s FSA compliance review, as required under SYSC 6.2 of the FSA Handbook, the compliance department of Laven Partners independently validated Chenavari’s systems and controls. Chenavari is therefore confirmed to have in place the requisite processes to meet the requirements set by the FSA: as a result, Chenavari Investment Managers and Chenavari Financial Advisors were issued with the Laven Compliance Certificate.
Loic Fery, Founder & CEO of Chenavari says:
“As our businesses are growing steadily, we wanted to independently confirm that our compliance infrastructure keeps on meeting the highest standards of our industry and fully complies with the regulatory framework set up by our regulator, the FSA. We chose Laven Partners as an independent consultant because of their useful and practical approach to reviewing compliance processes. We are glad to receive their independent validation. I believe the Laven Compliance Certificate will further provide our clients with confidence in our business and operations.”
Jerome Lussan, CEO of Laven Partners comments:
“The FSA’s rules on systems and controThe regulatory and compliance processes of the Chenavari Financial Group businesses (which include Chenavari Investment Managers and Chenavari Financial Advisors) have been assessed by independent compliance consultants Laven Partners.ls stipulate that firms carry out an independent compliance review of the adequacy and effectiveness of their compliance systems and controls. We believe that more firms should demonstrably follow this requirement so as to ensure that proper and regular checks are made in relation to a complex and ever changing regulatory landscape. Laven Partners is committed to providing its clients with high quality independent checks which ultimately benefit clients’ businesses as well as their existing and future investors.”