Insights
Key Takeaways from 1LoD’s Resilience, Cyber, and 3rd Party Risk Deep Dive Report
Industry analyst 1LoD recently hosted a two-day Deep Dive on operational resilience, cybersecurity, and third-party risk. Attendees represented financial institutions (75%), technology firms (13%), consultancies (11%), and regulators (1%) from around the world. Speakers featured experts in resilience and cybersecurity, including ACA Aponix® Partner Michael Pappacena. We recommend downloading the full report to get a sense for what your peers are doing, how your firm compares, what regulators expect, and what you need to do to build a stronger operational resilience program.
- Cybersecurity
What Investment Advisers Need to Know about the SEC's Recent Insider Trading Case Focused on "Shadow Trading"
The SEC recently charged a former employee of a biopharmaceutical company with "shadow trading", a form of insider trading. Learn more about this case, compliance implications, and our advice on what advisers can do to protect themselves.
- ComplianceAlpha
- Compliance
- Trade Surveillance
- RegTech
August 2021 Broker-Dealer Newsletter
In our latest newsletter, we highlight important regulatory information for broker-dealers that occurred during Q1 and Q2.
- Compliance
ACA Group Continues to Enhance Compliance Team with New Hires: Former CCOs, Examiners, and General Counsels
ACA has recently welcomed several new members to our investment adviser practice, all of whom bring years of experience and skills to the team. These additions help us accommodate the developing regulatory landscape and meet our client’s specific needs.
- Compliance
Compliance Annual Testing Mandate: Tactics and Considerations
As we look toward a new year, it is important to start developing a testing plan that fits the specific needs of your firm. Given the unpredictability of 2020 and 2021, deciding your compliance testing schedule for 2022 requires exceptional preparedness.
- Compliance
SEC Issues $1M Fine for Failure to Disclose Breach Information
The SEC recently fined a company for providing misleading information about a breach it suffered. This fine serves a warning for companies to not only protect themselves against cyber incidents, but to fully disclose information about cyberattacks if they occur.
- Cybersecurity
Preparing for 2022: Compliance Budget Considerations, Priorities, and Helpful Tips
As we enter the second half of 2021, it’s time to start preparing for 2022 and establishing a compliance budget for the upcoming year. To help firms planning for their 2022 fiscal year budget, or those adjusting spend to tackle new initiatives, get started, we have gathered from compliance professionals tips that will explain the foundational needs of a compliance budget, how that looks in action, and how to prepare for the unexpected.
- Compliance
EEA Firms Applying for Full Authorisation Under the TPR: Challenges and Potential Pitfalls
The FCA are now contacting firms about their Brexit landing slots, sometimes at very short notice. It’s vital that they start planning now as putting together a good FCA application is not straightforward and likely to take longer than the three-month window. We examine what this means for impacted firms.
- Brexit
Key Takeaways from 1LoD’s Trade Surveillance Deep Dive Report 2021
Industry analyst 1LoD recently hosted a two-day Deep Dive on the future of trade surveillance. Attendees were from all over the globe and represented financial institutions (78%), technology firms (19%), and regulators (2%). ACA’s Michael Lehman, Partner and product manager for ACA’s Market Abuse Surveillance technology in ComplianceAlpha®, spoke at the event.
- RegTech
- Trade Surveillance
FCA Publishes Consultation on Climate-Related Financial Disclosure
Ahead of COP26 in November 2021, the FCA has published consultation paper (CP 21/17) on the implementation of mandatory TCFD disclosures. For many firms, data gathering requirements start from 1 January. We outline the considerations for firms in scope.
- ESG
- Compliance
- FCA