ACA Spotlight Blog

ACA Spotlight Blog

Compliance, risk, and technology insights and alerts

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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. 

For ACA compliance alerts prior to March 2019, see our News Archive.

Thought Leadership
July 3, 2019

This week marks three years since the Market Abuse Regulation (MAR) overhauled the civil market abuse regime across Europe, repealing and replacing the Market Abuse Directive (MAD) and the UK’s own domestic legislation.

When is marketing not marketing? When it’s pre-marketing
Compliance Alert - FCA
July 2, 2019

When the Alternative Investment Fund Managers Directive (“AIFMD”) came into force back in the heady days of 2013, it brought into the financial lexicon terms that are now well-worn phrases such as “Article 42” or “Article 36” and of course “reverse solicitation”.

GIPS 2020 Release
Thought Leadership
July 1, 2019

After much anticipation from the investment management community, CFA Institute released the 2020 GIPS Standards on June 28, 2019. The newest version represents the most significant changes since the 2010 edition of the GIPS standards went into effect on January 1, 2011.

Cyber Alert: Vulnerability Discovered in Microsoft Excel; Rise in Spear-Phishing Attacks
Cyber Alert
June 28, 2019

This alert contains information about a vulnerability discovered in Microsoft® Excel®, as well as information about a recent rise in spear-phishing attacks attributable to heightened international tensions.

re-Deal IT Due Diligence
Thought Leadership
June 26, 2019

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. We also discuss tales from the trenches and lessons learned from M&A due diligence we have performed for clients.

Alternative Asset Managers and the GIPS Standards
Thought Leadership
June 25, 2019

Every few years, ACA Compliance Group and eVestment release a joint survey that queries industry participants on the value of compliance with the GIPS standards. One continual trend that we have noticed is an uptick in interest among alternative asset managers in the GIPS standards.

EMIR REFIT
Compliance Alert - EMIR
June 17, 2019

The amended European Market Infrastructure Regulation (“EMIR REFIT” or simply “REFIT”) came into force on 17 June. It’s designed to simplify a derivatives regime currently seen as burdensome to some market participants, particularly those whose risk profile is unlikely to impact macro stability. In this note, we summarise the key reforms and give some pointers about what you need to think about.

SEC Approves RegBI
Compliance Alert - SEC
June 13, 2019

On June 5, 2019, the SEC passed Regulation Best Interest (“Reg BI”). Broker-dealers will be required to act in the best interest of their retail customers when recommending any securities transaction or investment strategy. Here's what you need to know.

FCA puts Private Markets Firms’ Anti-Money Laundering and Financial Crime Controls under the spotlight
Compliance Alert - FCA
June 13, 2019

Given the tone of the business plan with regards to financial crime, and a reiteration of its focus on firm governance and culture, it is no surprise that the assessments by the FCSST focussed on 6 areas. If the indications from the documents requested by the FCSST, and the interviews that took place during the onsite portion of the assessment, are anything to go by, it is clear the FCA is following through on its intent to be more intrusive.

2019 Anti-Money Laundering Regulatory Climate Update
Compliance Alert
June 11, 2019

Although there are political signals that the current U.S. administration will provide financial institutions regulatory enforcement relief in comparison to years prior, this is not the case. As evidenced by the consistent penalties enforced over the past several years, AML/BSA regulatory enforcement remains a top priority.

ACA's Spring 2019 Compliance and Performance Conference
Thought Leadership
June 5, 2019

ACA's Spring 2019 Compliance and Performance Conference was held May 8-10 at the Mandarin Oriental in Miami, Florida.

Increased Demand from Credit Managers Claiming GIPS Compliance
Thought Leadership
June 4, 2019

Claiming compliance with the Global Investment Performance Standards (GIPS) is gaining significant traction with credit asset managers due to the increased demand from institutional investors.