NSCP Currents- “Pandemic Planning: Preparing Your Firm to Respond to COVID-19”
NSCP Currents- "Pandemic Planning: Preparing Your Firm to Respond to COVID-19"
SEC Makes Updates to Regulatory Relief Guidance
SEC Makes Updates to Regulatory Relief Guidance WHAT HAPPENED? Earlier this week, the SEC made updates to a set of frequently asked questions (“FAQs”) intended to provide guidance on COVID-19 regulatory relief. The updates include new information about custody rule requirements, reporting and potential disclosure obligations relating to the [...]
Annual FINRA Entitlement User Accounts Certification – 2020
Annual FINRA Entitlement User Accounts Certification - 2020 WHAT HAPPENED? The FINRA Entitlement Program requires an annual review and certification of user accounts to ensure that all persons with access to FINRA applications, such as the IARD portal, are approved by the Super Account Administrator (SAA) of the adviser. [...]
10 Things to Document When Implementing Your Business Continuity Plan
10 Things to Document When Implementing Your Business Continuity Plan In the COVID-19 pandemic, widespread shutdowns and stay-at-home orders are in place. Under these circumstances, maintaining thorough documentation of your firm’s Business Continuity Plan implementation is critical. Regulators have already started querying firms on their pandemic response and reviewing BCP [...]
Risk Alerts From OCIE: Form CRS and Reg BI
Risk Alerts From OCIE: Form CRS and Reg BI WHAT HAPPENED? On April 7, 2020, the Office of Compliance Inspections and Examinations (OCIE) of the United States Securities and Exchange Commission released two Risk Alerts to address upcoming compliance expectations for the new Form CRS and Regulation Best Interest [...]
SEC Updates Custody Rule FAQs to Address COVID-19 Concerns
SEC Updates Custody Rule FAQs to Address COVID-19 Concerns WHAT HAPPENED? As effects of the COVID-19 pandemic continue to impact global securities markets, regulatory bodies are taking steps to mitigate risks for market participants. Recently, the SEC updated a set of frequently asked questions on custody rule requirements in [...]
Important Upcoming Deadlines for SEC Registered Investment Advisers
Important Upcoming Deadlines for SEC Registered Investment Advisers WHAT IS HAPPENING? There are several key deadlines for SEC registered investment advisers in the coming weeks, including form distribution and filings and annual reviews for many. If your firm or fund’s fiscal year ended on 12/31/2019, some dates to keep [...]
How to Prepare for Form CRS
How to Prepare for Form CRS Recently, Amber Allen, Vice President and General Counsel, and Nick Byrne, Relationship Manager, of Fairview offered their knowledge of Form CRS to help advisers navigate the new filing requirement. Find the full article below, which provides in-depth guidance from our compliance professionals. [...]
SEC Issues Additional Relief and Guidance as COVID-19 Creates Obstacles
SEC Issues Additional Relief and Guidance as COVID-19 Creates Obstacles WHAT HAPPENED? In response to the unusual state of global securities infrastructures stemming from COVID-19, the SEC is continuing to provide regulatory relief to struggling entities. This week, the SEC expanded on a recently released relief package to extend [...]
SEC Exams Now Focusing on Firms’ Pandemic Plans
SEC Exams to Focus on Firms’ Pandemic Plans WHAT HAPPENED? Despite the sweeping effects of COVID-19, the SEC is continuing enforcement efforts and is still initiating examinations. In response to the pandemic, there is a heightened focus on firms’ business continuity planning and practices. KEY [...]