StatComp Services (Pty) Limited
Simplifying Compliance
An Introduction
16 August 2011

StatComp Services Pty Limited
25 July 2011

Background
Established in 2011 to meet a need in the SME market:
- The Private Sector have more and more rules to comply with.

• There is an increase in compliance and administrative burdens.
• New and updated legislation requires immediate implementation and monitoring.
• Statutory, compliance and risk management services are required by most companies and SMEs.

-Administration, scanning, filing and recordkeeping is part of the process and often creates burdens for companies.

Vision & Mission
Vision:
To establish StatComp as one of the preferred compliance
Outsource Service Providers (OSP) in the industry.
Mission:
To employ and empower qualified and competent staff
who provide quality service and in turn ensure that all client needs
are identified and that positive returns are delivered to all clients and
stakeholders.

Concept
Serving Close Corporations, Companies and Trusts offering the following:
Statutory and regulatory compliance services.
Operational risk management services.
A platform to ensure and support general business compliance.
Offering the design of administrative processes and procedures.
Deployment of state of the art technology.
Recordkeeping solutions, includes scanning, filing and printing.
Knowledge sharing and training.
Application and training of appropriate legislation, i.e. POPI & CPA.
Access to a range of services, information and updates.

Statutory Compliance Services
StatComp Services was established in 2011 to meet a need in the SME market for comprehensive statutory and compliance services. The services are tailored to meet the growing compliance needs
of small and medium size businesses.
Regulatory Compliance Services
Operational Risk Management Services

Statutory Compliance Offering
Registration and maintenance of Close Corporations, Companies and Trusts.
Compilation and maintenance of the necessary documentation.
Ensuring compliance with all the CIPC requirements.
Full administration services.
State of the art filing, scanning and recordkeeping solutions.
Financial and Bookkeeping Services.
Application of market conduct requirements.
Monitoring of Compliance standards.
Training and up skilling.

Regulatory Compliance Offering
The compliance function is an independent oversight function.
Market conduct legislation requires adherence to rules and procedures.
Business is often too focused on growth (or survival) with limited focus on
compliance.
4StatComp will provide guidance and tools to help facilitate compliance.
This offer consists of the following:
- Ensure compliance obligations are understood.
- Ongoing support in all existing and new compliance matters, i.e. FAIS Act.
- Develop compliance manuals and provide training.
- Perform annual compliance audits.
- Report and monitor regulatory breaches.
- Develop action plans for the mitigation of breaches.

Key Deliverables

Operational Risk Management Offering
1.Operational Risk Management (ORM) is traditionally managed informally.
2.Employees often do not realizing that its part of their daily tasks.
3.ORM issues are addressed through audit and compliance functions.
4.This episodic approach often results in operational risks only being identified at a later stage.
5.StatComp will assist clients in addressing operational risks more effectively.
6. This entire process is dependant on self assessments, annual reviews, audits,
reporting and monitoring.
7. Legislation affecting ORM::
- Basel II: prescribes the standards for ORM for Banks.
- Solvency II: prescribes the standards for ORM for Insurance.
- King III, CPA, Companies Act and FICA.

Key Deliverables

Target Market
Offering a range of services focusing on the SME Market:
- Small businesses: less than 100 employees; and
- Medium-sized business: less than 500 employees.
Client Types and Industries:
Lawyers;
Accountants;
Audit Firms;
Financial Services Providers (FSPs);
Brokers; and
Training Providers.

The Benefits
The team at StatComp has the
necessary operational, business,
compliance and risk management
experience.
Will recommend effective
solutions to the challenges that
clients may face in a dynamic,
changing business environment.
Planning with clients to create an
effective working relationship.

The Commitment
Understand the needs and services required.
Propose effective solutions and agree the rules-of engagement.
Establish legislative and compliance requirements.
Review maintenance of statutory records and provide solutions.
Ensure efficient processes of statutory compliance and or formalities.
Provide technical assistance and best practice.
Provide training if and where required.
Establish processes for ongoing monitoring of compliance.
Review Corporate Governance requirements.
Continuous liaison with Management & Auditors.

Competitive Advantage
Statutory compliance outsourcing services, is a trend gaining momentum.
The services are designed as life saving elements for business.
Do not adopt an arms-length approach, but provide practical hands-on advice and interventions.
Remain focused means the team can consistently deliver quality work by:
- Employing qualified and trained staff.
- Deploying and using the latest technology.
- Ensure adherence to all regulatory & compliance requirements.
- Effective strategic and operational planning.
- State of the art filing and recordkeeping systems.
- Subscribing to good Corporate Governance at all levels.
- Regular reporting at management and executive levels.

The StatComp Team
Marc Haldane has .
Elzabe Opperman has more than 20 years working experience in the banking and insurance industries, working in the fields of Direct and Corporate Marketing. In the last 7 years Elzabe gained significant experience
in the fields of Operational Risk Management and Regulatory Compliance not only in South Africa, but Kenya and Uganda as well. She holds an Honors Degree in Industrial Sociology and a Diploma in Labor Law.
Adri Grobler has worked in the banking and wider financial services industry for the past 25 years. Adri has
developed training material on a wide range of topics (FAIS, NCA, CPA, Compliance and Risk Management)
and is a regular conference speaker on these topics. Adri consults to banks and insurance companies on
creating infrastructures to meet the increasing legislative compliance requirements. She holds a Biuris LLB
degree.

Our Service Promise

• Our only priority is to deliver the highest quality of service to clients.
• Whether it is assistance with statutory compliance, or help to identify regulatory

compliance obligations or do an operational risk assessment, StatComp is committed
to make each client experience the best it can be.

• It is recognized that a reputation for excellence must be earned every day; and as a

result, StatComp has created and implemented a Client Service Promise:
1. Be accessible and responsive.
2. Keep clients informed.
3. Know and understand each clients business.
4. Always consider the client budget.
5. Provide excellent client service at all times.