ACA Spotlight Blog

ACA Spotlight Blog

Compliance, risk, and technology insights and alerts for financial services
 

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Compliance

 

White Paper: Top 10 Risk and Compliance Challenges for 2020 and Beyond
February 27, 2020
ACA’s top 10 risk and compliance challenges for 2020 and beyond white paper underscore both the complexity of the challenges that risk and compliance teams are facing, as well as the need to evolve the compliance function to adopt a fresh approach.
Managing Expanding Compliance Expectations With Limited Resources
February 14, 2020
While risks, regulatory expectations, and the volume of compliance team tasks are all increasing, the skilled resources CCOs need to keep up with this demand may be difficult to obtain. We have enhanced our support options to meet these growing and evolving needs.
Summary of FINRA's Regulatory Actions in 2019
February 13, 2020
FINRA's Enforcement Division brought 108 enforcement actions and levied fines against member firms that totaled $57,981,625‬‬ in 2019. These numbers mark a significant decrease in the enforcement actions and total fines from 2018.
OCIE 2020 Examinations Priorities Letter for Broker-Dealers
February 7, 2020
On January 7, 2020, the Securities and Exchange Commission's ("SEC’s") Office of Compliance Inspections and Examinations (the “OCIE”) released its 2020 Examination Priorities Letter out
First Test of Liquidity Risk Management
February 6, 2020
The recent last minute extension of the Chinese Lunar New Year market closure proved to be troublesome for some mutual funds and ETFs compliance with the Liquidity Risk Management Program. We outline how to prepare for such unexpected changes.
FINRA 2020 Risk Monitoring and Examination Priorities
February 4, 2020
On January 8, 2020, FINRA released its Risk Monitoring and Examination Priorities Letter for 2020. While noting that the letter’s format had been changed to concentrate more on new risk areas, FINRA stated that it would continue to examine the areas of concern on which it repeatedly focused in previous years.
Regulatory Update for CPOs and CTAs
January 30, 2020
2019 brought significant regulatory developments for registered Commodity Pool Operators (“CPOs”) and Commodity Trading Advisors (“CTAs”). Review these notices from 2019 as you plan your 2020 compliance program.
SEC publishes FAQs for Regulation Best Interest
January 21, 2020
On January 10, 2020, the U.S. Securities and Exchange Commission (“SEC”) published Frequently Asked Questions on Regulation Best Interest. Regulation Best Interest (“Reg BI”) establishes a standard of conduct for broker-dealers and investment advisers and their associated persons. Its compliance date is June 30, 2020.
The Impact of OCIE’s 2020 Examination Priorities on Registered Investment Companies
January 17, 2020
On January 7, 2020, the U.S. Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) released its 2020 examination priorities. In this alert, we focus on on the impact of the priorities on registered investment companies.
computer person at a trading desk selling stocks or etfs
January 16, 2020
Changes to the Securities Financing Transaction Regulation (SFTR) come into force for many financial services firms from 11 April. We examine what firms need to do to determine their reporting requirements and why they should do this now
SEC Announces 2020 Examination Priorities
January 9, 2020
On January 7, 2020, the U.S. SEC's Office of Compliance Inspections and Examinations announced its examination priorities for 2020. The priorities continue to focus on protecting retail investors and assessing ongoing and emerging market-wide risks. Learn more about what the priorities mean for you.
man looking through paperwork on desk with magnifying glass
January 8, 2020
The 5th Money Laundering Directive came into effect on 10 January, impacting regulated firms across the UK / EU. We examine out how the new iteration of the directive amends and enhances existing arrangements, and what this means for firms.