According to a press release, Citi’s Regulatory Administration Services will work at the direction of clients to draft routine contracts, policies and procedures, and regulatory filings. Citi’s team will work with clients to manage routine tasks to help minimize expenses. Clients who sign up for this service will also have access to Citi’s Fund Governance Portal, a data and document collaboration tool.
Citi’s Compliance Support Services for alternative investment clients center on the administrative and testing support of clients’ compliance programs. The Service Provider Testing Program has an internal team that conducts a variety of forensic tests against clients’ compliance procedures and immediately escalates concerns or patterns identified along with the supporting documentation to an adviser’s compliance professionals, the press release said.
In addition to testing these compliance procedures, Citi also offers Compliance Program Administration. Working alongside an adviser’s Chief Compliance Officer, Citi assists with forensic testing and analysis, audits and examinations by regulatory authorities and assists with maintenance of a client’s compliance program.More information is at http://www.citi.com.
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