ACA Spotlight Blog

ACA Spotlight Blog

Risk and compliance alerts, insights, and resources for financial services firms
 

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ACA's experienced compliance, risk, performance, cybersecurity, and technology professionals regularly provide insights on industry news, trends, and best practices. Our blog consolidates all ACA compliance alerts, thought leadership articles, white papers, cybersecurity alerts, and results from ACA surveys to help you find the information you need more quickly and easily.

SM&CR FCA Issues New Guidance for Senior Manager
Compliance Alert - FCA
April 17, 2020

The FCA is maintaining a dedicated webpage detailing its expectations for solo-regulated firms during the COVID-19 pandemic, and guidance on the application of the Senior Managers and Certification Regime (“SM&CR”). 

SEC Relief for Business Development Companies
Compliance Alert - SEC
April 16, 2020

On April 9, 2020, the SEC announced temporary, conditional relief until December 31, 2020, allowing business development companies flexibility to issue and sell senior securities, and invest alongside certain affiliates that would otherwise be prohibited by the Investment Company Act.

Regulation Best Interest Compliance Date Confirmed by the SEC
Compliance Alert - SEC
April 8, 2020

The SEC issued a public statement addressing the June 30, 2020 implementation deadline for Regulation Best Interest and Form CRS in light of the challenges raised by the COVID-19 pandemic.

city view with electronic mesh
Thought Leadership
April 7, 2020

Technology and information security may not be as strong in work-from-home environments as in office settings, and the risk of exposure of sensitive information may be greater. Firms need to remain vigilant about data privacy to meet regulatory expectations and protect against breaches.  

FINRA's Pandemic-Related Business Continuity Planning, Guidance, and Regulatory Relief
Compliance Alert - FINRA
April 6, 2020

FINRA recently issued a regulatory notice reminding firms that they should review their pandemic-related business continuity planning. This review should include assessing whether their business continuity plans (“BCPs”) are flexible enough to address the impact of potential pandemic-related situations to their businesses.

Thought Leadership
April 6, 2020

At our recent UK conference, 'Regulatory Horizon 2020 | The Challenges Ahead', we captured 10 concerns for European firms (aside from Covid-19). This checklist remains relevant for firms prepared to look through the crisis to the eventual recovery ahead.

abstract motion blur cybersecurity composite
Cyber Alert
April 3, 2020

Security issues with video and audio conferencing tools, particularly Zoom, have increased during the pandemic.  Learn what steps firms and individuals should take to protect themselves from this risk.

abstract motion blur cybersecurity composite
Cyber Alert
April 3, 2020

Researchers have discovered multiple computer viruses and destructive software (malware) that use coronavirus and COVID-19 themes. These malware programs can be significantly damaging to systems and the data they maintain.

Tips to Enhance Electronic Communication Surveillance
Thought Leadership
April 2, 2020

With reduced face-to-face interactions, employees are increasingly turning to electronic devices and platforms to communicate with their co-workers and clients. Increased electronic communication traffic can result in additional risks. Regulators, although providing relief in certain areas, still expect the compliance role to function effectively to mitigate these risks.

Hong Kong buildings
Compliance Alert - SFC
April 1, 2020

Responding to volatility in local and international markets following the COVID-19 outbreak, the Hong Kong Securities & Futures Commission (SFC) has issued four reminders to fund industry participants and intermediaries of their obligations. We examine what this means for firms.

ACA GIPS 2020 Provisions
Thought Leadership
March 31, 2020

Recognizing the need for additional guidance for firms to comply with the 2020 GIPS standards, CFA Institute has committed to releasing the revised GIPS Handbook, now called Explanation of the Provisions, as they are completed.

Compliance Alert
Compliance Alert
March 31, 2020

ACA Compliance Group has created a calendar to help you stay on track with your regulatory filings.