ACA's Carlo di Florio discusses the financial industry trends and broader forces impacting risk and compliance management in 2021.
Compliance
January 20, 2021
January 14, 2021
In this edition of ACA's Hedge Fund Update, we discuss who the new SEC Chair may be, recent risk alerts, enforcement actions, and more.
January 14, 2021
In its Market Watch 66, the FCA reminds firms around of their obligations to record telephone conversations and electronic communications - regardless of COVID-19 induced work environments. We examine considerations and requirements for firms.
January 12, 2021
The U.S. Securities and Exchange Commission (SEC) has finalized the long-awaited overhaul of the Advertising Rule (Rule 206(4)-1 under the Investment Advisers Act of 1940 (Advisers Act)).
January 8, 2021
Investment advisers must meet various regulatory filings requirements throughout the year. We summarized the regulatory filing submission deadlines for the first quarter of 2021.
January 8, 2021
From the end of the Brexit transition period on 1 January 2021, the UK became a ‘third country’ when reporting to EU regulators under the EU Short Selling Regulation. Following updates from ESMA, firms may now be subject to a dual-reporting requirement.
January 4, 2021
Following HM Treasury & ESMA announcements, the FCA has provided an update on the notification and reporting of short sales under its newly onshored regime. We examine the revised UK regime and explore if this is an early taste of post-Brexit accommodation.
December 15, 2020
During the course of 2020, the SEC was active in proposing and adopting new rules. Beyond rulemaking, the SEC also issued exemptive orders and no-action letters of note, including actions related to COVID-19. Here, we highlight some of the SEC’s 2020 regulatory activities for registered investment companies.
December 14, 2020
Following the end of the Brexit transition period, AIFMs wishing to market their funds should re-evaluate the AIFMD marketing notification requirements, taking into account the combination of their own jurisdiction, that of the fund, and that of their prospects in order to understand the process to follow. Our guide outlines the permutations of location of AIFMs, AIFs, and prospective investors.
December 10, 2020
To help you stay on track with your firm’s FINRA reporting obligations, we’ve put together a printable calendar with key deadlines in addition to U.S. national holidays at a glance.
December 10, 2020
As the Brexit transition deadline looms ever closer, in excess of 1,500 global firms will need to adapt their business models and regulatory registration arrangements to continue operating within the UK – regardless of the outcome of final Brexit negotiations. We outline the UK transitional regimes, the FCA’s expectations of international firms operating in the UK and the FCA authorisation process.
December 10, 2020
With just days to go to the end of the transition period for the UK’s departure from the EU, we’ve developed a checklist of key considerations and activities that UK investment managers need to prepare.