Insights
Transaction Reporting Still Not a Priority for Firms, Despite Recent ESMA Fine
New research reveals that confidence among financial services firms in the quality of their own transaction reporting is declining – down to 65% from 87% in 2021. This confirms concerns around inaccurate regulatory reporting leading to fears of undetected market abuse and an inability to monitor for systemic risks.
- Compliance
- FCA
- Trade & Transaction
New FCA Climate-Related Disclosure Obligations: Start Planning Now
Enhanced FCA climate-related disclosures come into play for many asset managers from 1 January 2023. Compliance is closely aligned to the Taskforce on Climate-Related Financial Disclosures (“TCFD”). Download our guidance sheet to start planning for the upcoming changes.
- Compliance
- FCA
- ESG
Summary of FINRA Regulatory Actions in 2021
FINRA brought 126 enforcement actions and issued fines totaling almost $100M in 2021. In comparison, FINRA only issued a total of $57M in fines during 2020.
- Compliance
UPDATE: Okta Concludes Investigation, Determines Only Two Tenants Affected
An update from a previous cyber alert. Okta has revealed the impacted customers trace back to a January security incident.
- Cybersecurity
- Cybersecurity Resources
Microsoft Identifies Critical Remote Code Vulnerability
On April 12, 2022, Microsoft notified users of a remote code execution vulnerability (CVE-2022-26809). Immediate patching is needed.
- Cybersecurity
- Cybersecurity Resources
FINRA Reminder of Liability for Failing to Discharge Rule 3110
FINRA Regulatory Notice 22-10 reminds members of their liability if they fail to discharge Rule 3110 about designated supervisory responsibilities.
- Compliance
Division of Examinations’ 2022 Exam Priorities: An Increased Focus on ESG
The Division’s focus on ESG is based on several issues that have emerged during the recent surge in investor interest in ESG related topics.
- ESG
- SEC
Checklist: How to Ensure Compliance with Financial Sanctions Obligations
Responding to the Russia-Ukraine conflict, the UK Government has imposed sanctions on Russia. FCA-regulated firms are obligated to implement systems and controls to prevent financial crime. With the authorities increasing their focus on financial sanctions, download our checklist to be sure you are considering key tasks.
- Compliance
- Cybersecurity
- Managed Services
- FCA
- ComplianceAlpha
SEC Division of Examinations 2022 Examination Priorities
On March 30, 2022, the U.S. Securities and Exchange Commission’s Division of Examinations released its FY2022 Examination Priorities. Read our insights.
- Compliance
SEC Maintains Information Security and Operational Resilience Focus in 2022
The SEC Division of Examinations released their annual Exam Priorities for the fiscal year (FY) 2022 and has highlighted information security and operational resiliency as significant focus areas for examinations.
- Cybersecurity
- Cybersecurity Resources