And internal practices are very strong 2 acceptable

  • No School
  • AA 1
  • 15

This preview shows page 13 - 15 out of 15 pages.

and internal practices are very strong 2 Acceptable There are moderate short comings identified by Umelusi Capital responses when considered against the requirements of the law. Internal policies and procedures do not appear to cover all aspects of the asset manager’s activities. Level of management oversight appears to be sufficient but not indicative of being fully effective 3 Weak There are major or significant short comings. Umelusi Capital’s policy and procedures do not fully address all legal requirements. CDD requirements are not consistent with the law. Management/board involvement is limited
Image of page 13
Company Registration No : 2008/023508/10 I VAT Registration No : 477 025 4649 I Income Tax No : 982 310 5151 PAYE Registration No: 747 078 6775 SNPF Registration No : U470 786 775 FSRA Registration No L470 786 775 Company Registration No : 2008/023508/10 I VAT Registration No : 477 025 4649 I Income Tax No : 982 310 5151 PAYE Registration No: L470 786 775 RISK WEIGHTING: Inherent Factor Inherent Weighting Delivery Channel 5 – 10% Customer 25 – 35% Geographic 20 – 30% Product/services 20 – 30% Other factors 10 – 15% RISK ASSESSMENT Risk Group: STRUCTURAL RISK Risk Inherent Risk Control Likelihoo d Impact Residu al Risk Action Risk Group: CUSTOMER RISK Risk Inheren t Risk Control Likelihoo d Impact Residu al Risk Actio n PEPs RFs of privately , owner manage d instituti ons
Image of page 14
Company Registration No : 2008/023508/10 VAT Registration No 477 025 4649 Income Tax No 982 310 5151 PAYE Registration No: SNPF Registration No : U470 786 775 FSRA Registration No L470 786 775 Risk Group: PRODUCT / SERVICE Risk Inheren t Risk Control Likelihoo d Impact Residu al Risk Actio n (Alternati ve investme nt) – credit risk -country risk PEPs Exposure to PEPs when investing in capital projects List product on the ESE Very Likely Low Risk Group: DELIVERY CHANNEL Risk Inherent Risk Control Likelihoo d Impact Residu al Risk Action
Image of page 15

You've reached the end of your free preview.

Want to read all 15 pages?

  • Fall '19
  • Legal person

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask You can ask ( soon) You can ask (will expire )
Answers in as fast as 15 minutes