Regulation in both Hong Kong (e.g. the updated Fund Manager Code of Conduct and 2019 BRMQ) and Singapore (Licensing Guidelines for Fund Management Companies) now requires alternative asset managers to undertake internal audits annually. Given that many alternative asset managers lack internal resources to segregate appropriate staff for this purpose, Optionality offers a variety of services to assist managers with meeting the internal audit requirements. Optionality is well positioned to:
Assist managers with executing their own internal audits
Act as an independent internal auditor for the purpose of meeting these regulatory requirements
Rather than merely offering a “tick the box” service, Optionality strives to provide value-add reports that create detailed expectations managers can meet going forward to improve their internal processes and meet regulatory requirements.
In addition, Optionality offers full regulatory audit reviews for both Hong Kong and Singapore.