BCP Securities Services is Morocco’s leading multi-asset class and multi-market Securities Services Bank. BCP Securities Services possesses high-quality technology infrastructure, know-how acquired over several decades and efficient control and risk control systems. It also benefits from having a banking licence, a custodian licence as well as being an authorised broker in Treasury securities. It is therefore able to provide a full range of services to its clients including settlement and delivery, clearing, global custody, asset servicing, corporate services and market services. Its expertise in all aspect of the securities business makes it the natural partner for custodians (banks and brokers) wishing to outsource their securities operations yet retain the maximum benefits in terms of cost, compliance and security. Its clientele comprises institutional investors, investment management companies, banks, brokers and large corporates in Morocco and overseas. Backed by BCP Group, BCP Securities Services is financially solid and is therefore to fully protect its clients’ assets.
For BCP Securities Services, compliance is a priority when it comes to good governance. The Bank's Compliance Policy, approved by its Supervisory Board, lays down rules of good governance and ensures that the business development process complies with the prevailing legislation, regulations and standards in order to protect its integrity and reputation.Consistent with this approach, BCP Securities Services has adopted the following principles and rules relating to regulatory requirements and best practices:
Compliance within BCP Securities Services is implemented via operational policies such as:
Awarded by Mazars following an in-depth audit, the standard ISAE 3402 Type 2 attests to the effectiveness of BCP Securities Services' internal control system. By successfully passing this second step, BCP Securities Services becomes the first player in the Securities-business in Morocco to assure its clients a reliable and demanding operating process in terms of services. As a reminder, ISAE 3402 (International Standard on Assurance Engagements 3402) is a standard published by the International Auditing and Assurance Standards Board (IAASB) to measure the adequacy and operational effectiveness of the controls put in place to provide customers and their auditors with a secure working environment and a robust internal control system. This recognition illustrates BCP Securities Services management’s commitment to regularly optimize its control systems according to international best practices.
As part of Banque Centrale Populaire Group, BCP Securities Services has opted for the implementation of a Quality Management System that complies with international standards, through an ISO9001 (2015 version) certification of its activities. We are pleased to announce that BCP Securities Services has been certified ISO9001 (2015 version) by Bureau Veritas in June 2018 for all its activities: Clearing & Settlement, Local & Global Custody, Funds Services, Asset Servicing, Corporate Trust Services, Market Services and Outsourcing Solutions. By making this choice, BCP Securities Services is resolutely committed to:
