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November 30, 2020 | Cyber Alert

Learn how hackers used a Zoom scam to execute a cyberattack that ultimately forced an Australian hedge fund to close after approving $8.7M in fraudulent invoices. 

November 23, 2020 | White Paper

The accuracy and quality of trade and transaction reports under MiFIR, EMIR and SFTR are a continuing source of regulatory concern, but voluminous and significant errors are still common. We examine how firms can better tackle regulatory reporting obligations.

November 20, 2020 | Compliance Alert

The SEC's Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert on November 19 providing an overview of notable compliance violations found during examinations relating to the Compliance Rule (Rule 206(4)-7 under the Investment Advisers Act of 1940). Here's what you need to know.

November 19, 2020 | Compliance Alert

The implementation of the much anticipated and discussed Investment Firms Prudential Regime ("IFPR") has been delayed in the UK until 1 January 2022. We examine what this means for financial services firms.

November 19, 2020 | Thought Leadership

In the first edition of our Hedge Fund Update we discuss recent industry news, settlements, and rulings. Read more to find out the latest news you may have missed. 

November 18, 2020 | Thought Leadership

To help you stay on track with your firm’s regulatory reporting obligations, we’ve put together a printable calendar with key deadlines for the SEC, CFTC, NFA, and ESMA regulatory filings in addition to national holidays at a glance.

November 18, 2020 | Compliance Alert

The SEC and FINRA staff held a joint roundtable on October 26, 2020 to discuss their initial observations of broker-dealer compliance with Reg BI and Form CRS requirements since the June 30, 2020 deadline.

November 17, 2020 | Product Update

ComplianceAlpha 2.5 includes new features designed to provide firms globally with deeper insights into potential risk and opportunity across the enterprise.

November 17, 2020 | Press Release

ACA's ComplianceAlpha® provides enhanced data analysis capabilities and increased oversight into risks and behavior across the enterprise through platform-wide customizable dashboards, automated reporting, and integrated trade surveillance and market abuse detection functionality.

November 13, 2020 | Compliance Alert - SEC

The SEC's Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert on November 9, 2020 that focused on SEC-registered investment advisers operating from numerous branch offices and with operations geographically dispersed from the adviser’s principal or main office.

November 12, 2020 | Thought Leadership

Section 4 of the Explanation of the Provisions focuses on the proper disclosure requirements to include in GIPS Reports to be compliant with the 2020 GIPS standards.

November 11, 2020 | Compliance Alert - SEC

The SEC approved amendments to the “accredited investor” definition, which become effective on December 8, 2020. They aim to modernize the definition to more effectively identify institutional and individual investors that have the knowledge and expertise to participate in those markets.

November 11, 2020 | Compliance Alert

The FCA recently published details for reporting net short positions in relevant UK shares and sovereign debt from 1 January 2021. We examine how the on-shored regime for short selling will operate in the UK firms once the Brexit transition period ends.

November 10, 2020 | Thought Leadership

As geopolitical change and uncertainty, regulatory sabre-rattling and industry shake-ups combine to create a perfect storm, we examine the impact for financial services firms on their trade and transaction reporting obligations under MiFIR, EMIR and SFTR.

November 9, 2020 | Thought Leadership

FINRA's release of Regulatory Notice 20-21 allows the use of IRR for investments or funds that have been fully realized but further requires utilizing the calculation methodologies of the Global Investment Performance Standards (GIPS) for investment programs/funds that include both realized and unrealized holdings.

November 6, 2020 | Thought Leadership

Outsourcing risk and compliance activities can help firms navigate the future of risk and compliance in the age of  RiskMutation™ through better results, increased agility, and scale for less. Get our outsourcing strategic roadmap here.

November 6, 2020 | White Paper

To continue providing the fund industry with transparency and insight into how peers are approaching compliance with the liquidity program rule, we are pleased to present the results of our third annual Liquidity Risk Management Program Rule survey.

November 6, 2020 | Cyber Alert

Learn more about the California Privacy Rights Act (CPRA), which amends the existing California Consumer Privacy Act (CCPA).

November 5, 2020 | Cyber Alert

Recent reports from the FBI’s Internet Crime Complaint Center indicate a staggering rise in the rate of business email compromise due to exploitation of Microsoft Office 365 and other cloud-based email services.

November 4, 2020 | Newsletter

ACA Broker-Dealer Services invites you to download the latest edition of our newsletter. Our latest newsletter contains a year-end compliance checklist to help broker-dealers confirm they have completed their compliance obligations for 2020.

October 29, 2020 | Thought Leadership

RegTech can help firms navigate the future of risk and compliance in the age of  RiskMutation™ by transforming risk and compliance functions while delivering cost savings. Get our RegTech strategic roadmap here.

October 29, 2020 | Thought Leadership

Each year, ACA reviews the most terrifying cybersecurity breaches of the year. Watch Raj Bakhru and Marc Lotti discuss causes and impacts of major cyber-attacks in our Scariest Cyber Breaches of 2020 webcast, now available on demand

October 28, 2020 | Compliance Alert - OCC

On October 14, the Office of the Comptroller of the Currency (OCC) issued a news release indicating its assessment of an $85M fine against a federal savings bank. The action was based on the bank’s failure to implement and maintain an effective compliance program, as well as its failure to implement an effective IT risk management program.

October 28, 2020 | Survey

ACA and Curcio Webb conducted an industry survey in August 2020 focusing on the value of GIPS compliance among OCIOs. The results show a growing interest in compliance with the 2020 GIPS standards.

October 28, 2020 | Thought Leadership

The FCA recently provided updates about the impact of on-shoring EU legislation at the end of the Brexit transition period. We examine what this, the Temporary Transition Power, and changes to the FCA's handbook mean for firms.