ACA Spotlight Blog

ACA Spotlight Blog

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

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See a compilation of ACA's COVID-19-related news, insights, and resources for financial services firms here.

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.

CRD Now Accepting Form CRS
Compliance Alert - SEC
April 23, 2020

The SEC released updated Form CRS FAQs on April 6,2020. Although the filing date is June 30, 2020, firms should start drafting their forms for filing as soon as possible.

Compliance Alert - FCA
April 23, 2020

This week, the FCA announced temporary extensions to the submission deadlines for certain regulatory reports due between now and 30 June 2020. We examine how this impacts financial services firms.

Thought Leadership
April 22, 2020

As part of the CARES Act, the Small Business Administration started the Paycheck Protection Program on April 3, 2020, to provide support to small business affected by COVID-19. Learn more about considerations for firms looking to become a PPP lender.

abstract person holding tablet
Thought Leadership
April 21, 2020

How can PE firms reduce costs, enhance efficiency, and shore up their portfolio companies during these troubled times? 

abstract motion blur cybersecurity composite
Cyber Alert
April 20, 2020

Two new and dangerous exploits of the popular Zoom teleconferencing software that allow attackers to hack Zoom users, spy on their calls, and potentially exfiltrate user data have been made available for sale to hackers. 

2020 Investment Management Compliance Testing Survey
Survey
April 20, 2020

ACA Compliance Group, Investment Adviser Association, and BrightSphere Investment Group invite you to participate in the 2020 Investment Management Compliance Testing Survey. The survey will remain open through Sunday, May 31.

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.