Compliance Support

Oyster Consulting (Bermuda) offers comprehensive services to a diverse range of offshore domiciled, corporate, investment, broker dealer, trust and management firms. A strong compliance programme is vital to any investment management firm. Not only is it required by regulators, it also makes sense to protect your reputation, your firm and clients. Now more than ever, regulators closely scrutinise a firm’s overall compliance programme.

Oyster has far reaching experience and expertise to act as a partner for part or all of your firm’s compliance needs. Our consultants will assess your firm’s compliance program, and recommend practical solutions to actively improve your control environment. As your firm’s current procedures are reviewed, Oyster will provide the following services:

  • Create a compliance programme consistent with regulatory standards
  • Compliance programme reviews, preparation for audits and assistance with Bermuda Monetary Authority Reviews and SEC audits
  • Anti-money laundering programme support
  • Review, analysis and responses to requests from the Bermuda Monetary Authority and SEC
  • Regulatory representation
  • Review of advertising and sales literature
  • Liaison with third parties impacted by regulatory obligations
  • Training and education programmes
  • Business continuity planning
  • Risk assessments and reviews of key operational controls
  • Recommendations to improve your firm’s overall compliance programme
  • Preparation or review of ADV 1 and AFV 2
  • Registration Services
  • Act as an outsourced Chief Compliance Officer
  • Conduct employee trade review and code of ethics monitoring
  • Continual updating of policies and procedures impacted by regulatory changes

The Oyster Difference

Oyster understands that every firm’s review is unique. Our experts have years of industry experience, and can quickly assess through thoughtful and skillful questions what areas of your firm need the most attention. Oyster will not only provide you firm with a written report of problem areas, but will also identify best practices.   Should your firm need any improvements, Oyster can help you facilitate those changes through support staffing or by taking on the initiative entirely.