MaComp — Mindestanforderungen an die Compliance-Funktion – sets in place the minimum compliance requirements for investment services companies and aligns with MiFID II.
The MaComp regulation (Minimum Requirements for the Compliance Function and Additional Conduct Requirements for Investment Services Enterprises) outlines the expectations for compliance functions within financial institutions in Germany. It sets standards for internal controls, risk management, and the responsibilities of compliance officers to ensure adherence to financial regulations.
Challenges of complying include the need for firms to establish comprehensive compliance frameworks, conduct continuous internal audits, and manage evolving regulatory requirements, all of which demand significant resources and expertise. Smaller firms may particularly struggle with the complexity and scale of these obligations.
Consequences of non-compliance can include fines, restrictions on business operations, and reputational damage, as well as increased oversight from regulators. Severe breaches may result in loss of licensing, legal penalties, and a higher risk of litigation from clients or stakeholders.
You receive a user-friendly software solution for MaComp reporting that meets all regulatory requirements. Our solution includes automatic updates and validations to ensure your reports are always compliant.
Investment Marketing & Fund Reporting