insights banner

Insights

Our unique perspective is informed by our real-world experience, deep subject matter expertise, and extensive client network.

GRC hot topics

Regulatory compliance insights and alerts

Cybersecurity alerts and insights

ESG

ESG alerts and insights

GIPS® standards and performance alerts and insights

RegTech insights and alerts

Insights and alerts related to the SEC's new Marketing Rule

Guidance and insights on regulatory proposals, enforcements, and risk alerts

Regulatory change is here for Private Fund Advisers

1 of
curved glass building looking up at a blue sky

New York State's SHIELD Act Signed into Law

The SHIELD Act significantly expands New York State's breach notification law.

Compliance Alert
  • Cybersecurity
curved glass building looking up at a blue sky

OCIE Issues Risk Alert Highlighting Deficiencies in Compliance, Supervision, and Disclosure of Conflicts of Interest

The SEC's OCIE issued a Risk Alert detailing compliance issues noted during examinations of advisers who hire or employ individuals with a history of disciplinary events.

Compliance Alert
  • Compliance
curved glass building looking up at a blue sky

Investment Adviser Standard of Conduct and Form CRS – What You Need Know (Part 2 of 2)

On June 5, 2019, the U.S. Securities and Exchange Commission issued the Standard of Conduct for Investment Advisers interpretation to reaffirm and clarify the SEC’s views of the fiduciary duty that investment advisers owe to their clients under the Investment Advisers Act of 1940.

Compliance Alert
  • Compliance
abstract black and white looking up at building

Mirabella Group Launches New Tied-Agent Service in Malta

Mirabella Group, the regulatory hosting arm of ACA Compliance Group, announced that it has enhanced its hosting services in Malta by adding a Tied Agent solution to its existing alternative investment fund manager (AIFM) service. This new solution helps non-European Economic Area (EEA) firms to interact with their EEA clients using MiFID passporting.

Press Release
  • Mirabella
curved glass building looking up at a blue sky

MiFID II transaction reporting – Firms are still getting it wrong

Whilst the FCA’s priorities appear, for the time being, to be on understanding the nature and scale of reporting data errors and how they are addressed, failings under MiFID I moved it to take several high-profile enforcement actions. It is imperative that firms get to grips with their MiFID II transaction reporting processes and data quality checks as soon as possible.

Compliance Alert
  • Compliance
  • Trade & Transaction
highway at night from overhead

IIA Releases an Exposure Draft To Revise Their Three Lines of Defense Model

On June 17, 2019, The Institute of Internal Auditors (the IIA) released an Exposure Draft (the Draft) on a study being conducted to review and modernize the Three Lines of Defense Model (3LoD). The Draft has been released for public comments from June 20, 2019 and September 19, 2019 and reflects the thoughts and analysis of a working group, chaired by Jenitha John, Vice Chairman of The IIA Global Board of Directors; and Chief Audit Executive, FirstRand Ltd.

Article
  • AML and Financial Crime
curved glass building looking up at a blue sky

FinCEN Issues Updated Advisory on Business Email Compromise Fraud

On July 16, the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an update to the September 6, 2018 advisory, "Advisory to Financial Institutions on E-mail Compromise Fraud Schemes." The updated advisory indicates a sharp rise in business email compromise (BEC) fraud across financial services and other industries.

Compliance Alert
  • Cybersecurity
highway at night from overhead

FAQs: Brazil’s LGPD Data Privacy Law - What You Need to Know

The Lei Geral de Proteção de Dados (LGPD) is a sweeping data privacy regulation that goes into effect on February 15, 2020. Download our FAQs to find out what you need to know and how the law applies to your company.

Article
  • Cybersecurity
curved glass building looking up at a blue sky

UK extending Senior Managers and Certification Regime: What is it and how does it affect US firms?

The Senior Managers and Certification Regime (“SM&CR”) is new set of requirements that will affect all firms regulated by the Financial Conduct Authority in the UK. This includes US firms (and those based elsewhere) who have some presence in the UK. And because SM&CR touches on the way firms are governed, it has potential implications for senior managers and some other staff in such firms including, in some cases, those located in the US parent.

Compliance Alert
  • Compliance
forest of trees from above

2019 Investment Management Compliance Testing Survey Results

ACA Compliance Group and the Investment Adviser Association release the results from their 2019 Investment Management Compliance Testing Survey. For the sixth year in a row, cybersecurity remains the biggest compliance concern at registered investment adviser firms – with 83 percent of survey respondents identifying cybersecurity as the “hottest” compliance topic and 70 percent indicating that their firms increased compliance testing in this area over the past year.

Survey
  • Compliance