ACA Spotlight Blog

ACA Spotlight Blog

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

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ACA's experienced compliance, risk, and technology professionals regularly provide insights on industry news, trends, and best practices. Our blog now 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.

2020 GIPS Compliance Notification Form Now Available
Thought Leadership
February 20, 2020

Firms that claim compliance with the GIPS standards are required to notify CFA Institute of their claim of compliance. Each GIPS-compliant firm must submit the GIPS Compliance Notification Form by June 30 of each year.

    Understanding the Risk And Protecting Yourself from Payment Fraud
    Product Update
    February 19, 2020

    Payment fraud threats are a major concern for financial services firms globally, with fraud trends reflecting a continued and sustained growth over the past few years. It has become essential that firms are proactive in predicting and assessing their exposure to these threats in order to mitigate the likelihood and impact of a payment fraud incident. 

    Managing Expanding Compliance Expectations With Limited Resources
    Thought Leadership
    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
    Compliance Alert - FINRA
    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.

    stock chart
    Product Update
    February 12, 2020

    Clients of ACA’s Employee Compliance solution in ComplianceAlpha® can now receive Items of Interest (IOI) for potential insider trading and market abuse related to employees’ personal trading activity.

    city skyline abstract night sky
    Survey
    February 10, 2020

    Our key takeaways from 1LoD's 2020 Surveillance Benchmarking Survey & Report for buy-side firms.

    SFTR Reporting – Non-EU AIFs Out of Scope
    Compliance Alert - ESMA
    February 7, 2020

    The European Securities Market Authority ("ESMA") and the European Commission have today confirmed that non-EU Alternative Investment Funds ("AIFs") (i.e. AIFs not established in the EU) will not be subject to Securities Financing Transaction Regulation ("SFTR") reporting obligations.

    OCIE 2020 Examinations Priorities Letter for Broker-Dealers
    Compliance Alert - SEC
    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
    Thought Leadership
    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.

    M&A Due Diligence Challenges: Transition Management
    Thought Leadership
    February 5, 2020

    Our M&A Due Diligence Challenges blog series addresses the changing nature of IT, cybersecurity, and data privacy and how investors can manage these risks and increase their chances of achieving a successful M&A transaction. Part 2 covers Transition Management and Day 1 / 100 days planning.

    FINRA 2020 Risk Monitoring and Examination Priorities
    Compliance Alert - FINRA
    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.

    7 Tips to Avoid Identity Theft During the 2020 Tax Season
    Thought Leadership
    February 3, 2020

    This week is Tax Identity Theft Awareness Week in the U.S. As tax filing season kicks off, it’s important to be on the lookout for tax scams. We share our tips for staying diligent and resources to share with your employees and friends.