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Insights

August 6, 2020 | Thought Leadership

Money laundering has become a global concern over the past several years. In response, the U.S., Cayman Islands Monetary Authority and the EU are taking steps to increase AML efforts in their jurisdictions, and it is likely that other countries will follow suit in the coming years.

July 31, 2020 | Thought Leadership

Many authorities are questioning whether mandatory password reset policies are worth the hassle.  Get ACA's guidance on when, if ever, you can remove or relax your password reset policy.

July 24, 2020 | Compliance Alert - FINRA

FINRA issued Regulatory Notice 20-21 on July 1, 2020 providing guidance for complying with FINRA Rule 2210 “when creating, reviewing, approving, distributing, or using” retail communications concerning private placement offerings.

July 22, 2020 | White Paper

As adoption of the GIPS standards has grown over the years, ACA has seen compliance personnel take a much deeper interest in ensuring their firms meet every requirement.

July 22, 2020 | Thought Leadership

Running vendor management or third-party risk management (TPRM) programs can be a complicated process for both consumers and providers of services. Here are some of the current challenges with due diligence and opportunities to improve the process for all parties involved.

July 21, 2020 | Compliance Alert

Regulators are placing increasing importance on senior managers taking personal responsibility and accountability for regulatory reporting under SM&CR. We examine what this means for firms in scope of the MiFIR, EMIR or SFTR reporting regime.

July 21, 2020 | Cyber Alert

The U.S. Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA) has issued an alert identifying a critical vulnerability affecting all versions of Microsoft® Windows Server® configured with the Domain Name System (DNS) role enabled. The vulnerability could potentially allow a remote attacker to gain control of affected systems. 

July 20, 2020 | Cyber Alert

The Court of Justice of the European Union (CJEU) has determined that the Privacy Shield agreement, a key data sharing agreement that allows signatory U.S. companies to transfer EU resident personal data to the U.S., is no longer valid. Learn what action you may need to take due to this change.

July 17, 2020 | Thought Leadership

The California Consumer Privacy Act (CCPA) went into effect on 1/1/20 and enforcement began on 7/1/20. There has already been considerable activity on the class action front, much of it even before the enforcement date. Review what you need to do to avoid CCPA penalties.

July 16, 2020 | Survey

From April 20 – May 31, ACA Compliance Group, Investment Adviser Association, and BrightSphere Investment Group ran the 15th annual Investment Management Compliance Testing Survey. This survey gathers anonymous information from US investment advisers of all types and sizes for the purpose of reporting on industry trends.

This year, 384 investment adviser firms of all sizes participated. The breakdown of participants was similar to that of the past three years with: firms managing $1 billion to under $10 billion in regulatory assets under management (RAUM) accounting for 43 percent of...

July 14, 2020 | Press Release

Governance, Risk, and Compliance Leader to Scale New Product Development and Drive Continued Focus on Customer Success

WASHINGTON D.C., NEW YORK and NASHVILLE, Tenn. – ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance (GRC) advisory services and technology solutions, today announced that it has secured $40 million in new funding from its existing investor group. The group, led by Starr Investment Holdings (“SIH”), acquired a controlling interest in ACA in 2018.

July 13, 2020 | Cyber Alert

The SEC OCIE has issued an alert warning of an increase in the sophistication of ransomware attacks against SEC registrants with attackers using advanced phishing and other social engineering tactics to penetrate financial institution networks and install malware that limits company access to data until a ransom is paid. 

July 10, 2020 | Compliance Alert

ACA Compliance Group has created a calendar to help you stay on track with your regulatory filings. Request our calendar to view key regulatory filing due dates and holidays at a glance.

Request the Calendar Here

Q3 2020 Regulatory Reporting Deadlines

Below are the regulatory filing submission deadlines for the third quarter of 2020. All filings are supported by the...

July 9, 2020 | Compliance Alert - FINRA

The Financial Industry Regulatory Authority’s (“FINRA”) Enforcement Division brought 43 enforcement actions and levied fines against member firms that totaled $21,027,000‬‬ in the first quarter of 2020 (Q1 2020). These numbers mark an increase in the enforcement actions but a decrease in the total amount of fines from the first quarter of 2019, as the tables below show.

The largest individual fines in Q1 2020 stemmed from alleged failures related to direct market access and best execution, failure to disclose outside business activities, and failure to supervise custodian accounts....

July 1, 2020 | Thought Leadership

Download our surveillance gap assessment checklist to see how your program measures up.

July 1, 2020 | Compliance Alert

The FCA and Treasury have agreed to extend the deadline for FCA solo-regulated firms’ assessment of their Certified Staff as fit and proper by just over 100 days, to 31 March 2021. We examine what firms need to do to make sure they are compliant by the new deadline. 

June 30, 2020 | Compliance Alert

Whilst lockdown restrictions start to ease and the green shoots of a post-pandemic world tentatively emerge, two notable developments have come out of the UK government this week. What do these indicate about the UK's financial services post-Brexit?

June 29, 2020 | Thought Leadership

As we approach the California Consumer Privacy Act (CCPA) enforcement deadline you may be wondering what happens next. We have updated our CCPA FAQs with the most up-to-date information.

June 26, 2020 | Compliance Alert - SEC

The June 30th deadline to comply with Regulation Best Interest (Reg BI) and Form CRS is almost here. We’ve summarized the requirements of both to help broker-dealers and investment advisers confirm they are ready to comply.

June 25, 2020 | Compliance Alert

With CME winding down Abide, its European regulatory reporting platform, many firms now face a complex, time-critical move to an alternative transaction reporting provider. We explore what this means for affected firms and what's needed to ensure ongoing compliance.

June 25, 2020 | Compliance Alert - SEC

OCIE’s latest Risk Alert details observations from examinations of private equity funds and hedge funds.

June 24, 2020 | Thought Leadership

To help mitigate the risk of ‘compliance distancing’, it's key that Compliance Officers make staff aware of their role in protecting the business. We outline regulatory requirements that help bolster a firm’s safeguards relating to investor protection, market conduct and in meeting its legal and regulatory obligations.

June 17, 2020 | Thought Leadership

The transition from the London Interbank Offered Rate (LIBOR) is due to be complete by the end of 2021. With 2020 considered a critical year for the global industry to make that transition, we examine what firms should do now to prepare for the termination of LIBOR.

June 16, 2020 | Cyber Alert

On June 15, 2020 widespread voice and data outages were reported across the U.S with disruptions in service among major cell service carriers, internet service providers, social media platforms, gaming sites, streaming services, banking services, delivery services, and teleconferencing platforms.

June 11, 2020 | Thought Leadership

With the reopening phase of the COVID-19 pandemic underway, compliance officers will need to be strategic and agile in their approach to compliance management. Here are some key considerations to keep in mind.