Join us for a live webcast as we discuss the intricacies and challenges for financial firms associated with the volume and complexity of side letter and legal document management and demonstrate how ACA's new technology solution can help.
Regulators continue to increase their focus on a firm’s capital monitoring and forecasting, and regulatory reporting processes. In turn, investment management and advisory organisations continue to seek expertise in regulatory oversight.
In addition, the Investment Firm Prudential Regime (IFPR) is due to be implemented for all MiFID investment firms by 1 January 2022. Developed by the European Commission (EC) and to be adopted by the FCA, the proposed new prudential rules introduce more complex and onerous capital, liquidity, reporting and governance requirements for many firms.
ACA's experienced prudential team are on hand with a wide range of solutions designed to help make your regulatory reporting obligations as simplified and seamless as possible.
These services can be built into a package of compliance review services.
If you are an organisations that makes discretionary investment management decisions (outside the scope of the AIFMD), you must conduct an assessment of regulatory capital held. The rules oblige your firm to:
- Implement a formal Internal Capital Adequacy Assessment Process ("ICAAP") that is an expression of confidence that capital held is commensurate with risks faced.
- Challenge the process annually or event-driven basis.
We can assist you with the preparation of the written ICAAP Report by:
- Quantifying the risk appetite and identifying major sources of risks
- Documenting risk mitigation and the control environment
- Quantifying capital requirements
- Preparing financial forecasts and stress testing scenarios
- Creating a wind-down plan
Preparing and completing the regulatory reporting that organisations must give to regulators can be time-consuming and resource-intensive. Our prudential specialists have extensive experience with executing on this type of reporting in key jurisdictions, including the US, UK and Malta. Hundreds of financial services firms over that time have trusted ACA to file this important information.
We can assist your firm by:
- Providing integrated regulatory advice to principals and Head Office, as required
- Forecasting prudential resources and robust capital planning
- Preparing and filing regulatory returns on systems provided by supervisors, including GABRIEL in the UK reporting (all financial and prudential data items)
However simple or complex your firm’s transparency reporting needs are, our regulatory and reporting team can help ease the burden of this requirement. Our transparency reporting solutions include:
- Ad hoc advice on discrete questions relating to portfolio data or Directive interpretation
- The review and/or challenge of in-house or administrator prepared filings
- Full “managed service” outsourcing for EEA and non-EEA AIFMs required to report to national regulators.
James is responsible for providing technical input across a range of complex regulatory topics and specialises in supporting hedge funds.
Bobby Johal is a Managing Director at ACA.
James Pont is responsible for prudential reporting services, including regulatory reporting and support with ICAAP and IFRD.
FCA Market Watch 66 – Communications Recording Remains a Focus as Employees Continue to Work From Home
In its Market Watch 66, the FCA reminds firms around of their obligations to record telephone conversations and electronic communications - regardless of COVID-19 induced work environments. We examine considerations and requirements for firms.
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.
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.
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.
The FCA is approaching private market firms to check how they consider governance both internally and with respect to their portfolio companies. Learn more about what this means for firms.
The FCA have issued a last-minute statement declaring a further six-month extension and subsequent amendments to the Covid-19 measure brought into effect in March 2020. As a result, the MiFID 10% Depreciation Regime has now been extended to 30 March 2021.
ACA Group Announces ComplianceAlpha® 2021Q2 with New Features Designed to Help Financial Services Firms Meet Increasing Demands for Digitizing Compliance Programs
ComplianceAlpha 2021 Q2 introduces a suite of new features and sophisticated technology enhancements designed to help firms globally build more comprehensive and scalable GRC programs in line with the expectations of regulators, boards, management, clients, and investors.
Russell Investments Selects ACA Group’s ComplianceAlpha to Modernize Their Risk and Compliance Program from a Single Platform
Russell Invesments has selected ACA's ComplianceAlpha® to help modernize and streamline their compliance program.
Join us as ACA's Jordan Schwartz will provide a live demo of the new features recently added to ComplianceAlpha®.
Join us for a live webcast as experts from our ESG advisory team explain what environmental justice is, why it warrants such a sweeping approach, how businesses can (or should) be involved, and why investors should care about it.