ACA Spotlight Blog

GRC Spotlight Blog

Compliance

Insights and guidance from ACA's team of experienced compliance and technology professionals.

Categories
Compliance alert
April 17, 2019

On April 16, the SEC's OCIE issued a risk alert detailing compliance issues from recent examinations of investment advisers and broker-dealers pertaining to privacy regulations.

What Boards Need to Know About the SEC’s New Cybersecurity Request List
April 15, 2019

Cybersecurity oversight continues to challenge boards and now the SEC has updated their request list for cyber exams. This updated list combined with previously articulated SEC expectations, provides some directional help for boards as they navigate cybersecurity issues. In this blog, ACA's Jim Pappas shares what boards need to know.

Mobile Workforce and Electronic Communications
April 8, 2019

Business communication continues to evolve. Over the past few decades, there has been a noticeable change in what is seen as an “acceptable” turnaround time. Back in the days of “snail mail” it was weeks, then the introduction of email shortened that time to hours, and now with the growing mobility of employees and clients, the turnaround time has shifted to minutes with the rise of new messaging applications and trends towards the use of text messages.

The SEC encourages transfer agents to review and strengthen policies, procedures and controls
March 28, 2019

On February 13, 2019, the Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations ( OCIE) issued a Risk Alert highlighting the concerns and issues associated with certain types of transfer agents (“TAs”) that also serve as paying agents. While the Risk Alert is aimed at certain operational and regulatory requirements, compliance professionals within the mutual fund industry should also consider how certain areas identified by OCIE are compared to their mutual fund company’s in-house or third-party TA and/or sub-transfer agent(s).

Board Oversight of Cybersecurity
March 28, 2019

ACA Compliance Group and ACA Aponix are please to present their newest white paper, Board Oversight of Cybersecurity...In Search of the Rosetta Stone.

Spring 2019 Alternative Fund Manager Survey
March 22, 2019

Are you interested in what frequently asked compliance questions your peers have raised or have wondered about? Participate in our Alternative Fund Manager Survey.

March 20, 2019

We invite you to participate in our second Liquidity Risk Management Program Rule Survey. We understand there is a continued need for transparency and insight into the various ways mutual funds, investment advisers, and sub-advisers are approaching the liquidity risk management program rule. By participating in this survey, you can help us identify trends in how firms are complying with, or getting ready to comply with the rule. Results will be presented later this spring so you can implement some of the most common practices at your firm.

The SEC’s Busy February for Registered Investment Companies
March 18, 2019

The U.S. Securities and Exchange Commission (SEC) and its staff have been busy since the end of the recent partial government shutdown. While there is certainly much work behind the scenes we do not get to see, there is plenty of public work that registered investment companies should note. For instance, the following matters occurred during the last two weeks of February

The Impact of Fee Compression on Risk Management
March 13, 2019

The bank and non-bank asset management industry is struggling with fee compression which has sparked a series of layoffs that you may have read about in recent news.

Senior Managers & Certification Regime: 6 major challenges for firms
February 27, 2019

As firms look to address the FCA’s Senior Managers and Certification Regime (“SM&CR”), ahead of the December 9 deadline, we observe six common themes and challenges emerging from their project implementation.

CCO Support
January 18, 2019

As the government shutdown continues and uncertainty abounds, firms may be at a greater risk.