Internos' policy is to have consistent
processes, systems and controls across the business robust enough
to satisfy requirements of any European regulator - FSA, BaFin or
CSSF.
Internos is regulated by the FSA in UK. However, prior to entry
into force of the Alternative Investment Fund Managers Directive
("AIFMD"), most of Internos' business was unregulated and outside
of the scope of the FSA. However, in contemplation of AIFMD and
future regulatory changes, Internos (noting that it has no formal
requirement to do so) designs and uses systems and controls in the
entire business which will be appropriate for fully regulated
activities.
Third Party Client Services
In addition to running its own business according to UK FSA
requirements, Internos is in the process of completing an
application to the CSSF in Luxembourg in order to become licensed
to use its in-house expertise to provide domiciliation services to
third party clients as an independent service offering or as a
component of a wider fund or asset management mandate.
Compliance Team in all offices
Internos includes Regulatory Compliance as a service within its
Operations team and has experienced personnel operating out of each
of its offices and reporting to the Head of Operations in
London.
Victoria Ferris, based in
London is Head of Operations and Professional Services and
responsible for regulatory compliance.