INDOS Financial adopts CCL Co-Comply compliance platform


CCL, the international GRC consultancy, has launched a unique compliance platform that combines continually updated compliance content with an automated delivery system.

CCL Co-Comply is an integrated service that transforms policies and procedures into electronic forms and automated workflows. The platform is suited to all regulated firms including brokers, wealth managers, private equity firms, corporate finance firms, hedge funds and institutional asset managers. In just a few months CCL Co-Comply has already attracted 18 new clients, including independent AIFMD depositary provider INDOS Financial.

Bill Prew, CEO at INDOS: “As a regulated depositary, it was very important to put in place a robust workflow management system. We worked with CCL Co-Comply to implement a system tailored to our needs as well as enabling us to control our general regulatory compliance monitoring activities.”

The compliance platform automates processes and provides oversight for regulatory compliance obligations. Meanwhile, the integral content management system continually updates and manages all compliance policies and procedures.

“We are already using the platform to record the depositary activity being undertaken for over 25 hedge funds and are extremely pleased with the system,” adds Prew.

“The platform provides a one-stop-shop for compliance management within regulated firms,” says Ralph Lindeyer, founder and Chairman of CCL. “The launch of CCL Co-Comply is part of our long-term development programme, delivering a rounded portfolio of services that can be tailored to our clients’ individual needs.”

About CCL Co-Comply

CCL Co-Comply was founded in order to provide financial firms with integrated solutions to help them manage and implement the continual onslaught of regulation. The company is a joint venture born out of two established organisations:

CCL – an international regulatory consultancy providing clients with advisory and training services from offices in London, the Middle East and India. CCL delivers everything from short-term compliance assistance to long-term outsourcing.

co-comply – a specialist UK software provider with senior technicians that have worked for global compliance departments helping them to automate their internal compliance framework.

About INDOS Financial

INDOS Financial is a UK business which provides independent Alternative Investment Fund Managers Directive depositary services to alternative investment fund managers seeking to market non-EU alternative investment funds to EU investors. INDOS Financial was established in late 2012 by Bill Prew, a former hedge fund Chief Operating Officer and European Chief Financial Officer of Barclays Global Investors supported by a strong management team with blue-chip financial services and trustee backgrounds.

In January 2014, INDOS Financial was the first firm to be authorised by the Financial Conduct Authority as an Article 36 Custodian – the UK’s regulatory authorisation for firms undertaking AIFMD depositary-lite duties.