Due Diligence FAQs
How often should the manager review its compliance systems and controls?
It is expected that a manager reviews its compliance systems continuously and provide a comprehensive compliance review on at least an annual basis.
Further, there are regulatory requirements that require a manager to review their compliance controls and infrastructure and file certain results with the regulator. It is important to understand this well to test the manager accordingly and provide comfort that compliance and controls are in place to protect investors and the business of the manager.
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