M-CRIL is pleased to conduct CP Assessments for institutions that have joined the Client Protection Pathway (CP Pathway) developed by SPTF-CERISE in consultation with investors, financial service providers (FSPs) and rating agencies. By joining the CP Pathway, an FSP can demonstrate its commitment to Client Protection in its policies and processes.

The Pathway provides FSPs a clear pathway to full compliance with the Client Protection Standards. The three steps of the CP Pathway are as follows:

Step 1: Commit to implement Client Protection
Step 2: Assess and improve practices
Step 3: Demonstrate progress and achievements

An Assessment is for any FSP that is wanting to strengthen its systems for client protection. Although it is Step 2 of the CP Pathway, it is relevant for all FSPs irrespective of where they are on the CP Pathway. This means that an assessment can also help an institution that is on Step 3 but is not fully compliant.

The output of the assessment is a report which includes a gap analysis along with an action plan agreed with the organisation, that is implement over a specified period.

If you are looking for details on the Client Protection Certification Framework, please visit Client Protection Certification.

For more information, please contact our CEO, Sudhir Narayan, sudhirnarayan@m-cril.com