GRC INSIGHTS
Stay on top of regulatory changes with risk and compliance news from Cordium's insights and articles.
Senior Managers & Certification Regime: What you need to know
The UK’s financial regulator recently announced 9 December 2019 as the deadline for the implementation of the Senior Managers & Certification Regime (SM&CR) for solo-regulated firms....
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The SEC demands more action on MNPI from hedge funds
The US Securities and Exchange Commission (SEC) is escalating its focus on advisers’ policies and procedures to prevent the misuse of material non-public information (MNPI) during exams and...
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MiFIR Transaction Reporting: Key issues highlighted by the FCA
Six months into the new Markets in Financial Instruments Regulation (MiFIR) transaction reporting regime, the FCA’s Markets Reporting Team (MRT) held a Transaction Reporting Forum to share key...
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AML compliance testing – An essential for RIAs
Firms without a robust and regularly tested anti-money laundering (AML) approach may find themselves failing to meet expectations. Although US registered investment advisors (RIAs) technically...
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The CFTC Expands Its Regulatory Approach to Cryptocurrencies
In the past few months, the U.S. Commodity Futures Trading Commission (CFTC) has taken several actions to flesh out its regulatory approach to cryptocurrency transactions that are classified as...
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Compliance Culture: Building an approach on three core values
Most firms find “compliance culture” an important, yet elusive, term that is difficult to define and even more challenging to shape and nurture. However, it’s clear that a compliance culture...
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Record Keeping: Putting it to the test – A Q&A with Charlotte Malin and Matthew Chapman
A key pillar of the MiFID II regime is the record keeping requirements that underpin many of the new or enhanced obligations. Now seven months after MiFID II implementation, what challenges have...
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The Current State of RegTech – A Q&A with Jordan Schwartz
With new RegTech solutions coming to market every year, it can be difficult to keep up with current trends and emerging technologies. We speak to Cordium’s Head of Software, Jordan...
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Preparing for an SEC exam with a “first day” presentation
Securities and Exchange Commission (SEC) inspections are evolving in style and substance. With more information than ever before being collected from Form ADV and Form PF, examiners are coming...
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The impact of the new prudential regime on commodity trading firms
Commodity trading firms ─ currently outside the scope from the regulatory prudential framework in the EU ─ now need to prepare themselves to face increased regulation. The prudential framework,...
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Is your robo-advisor GRC ready?
The rise of the robo-advisor for quantitative strategy investing seems inevitable. Seen as an efficient and lower-cost alternative to traditional advisers, it’s hardly surprising that many asset...
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Frequently Asked Questions: Cryptocurrency Regulation in the U.S.
The number of hedge funds investing in cryptocurrencies is soaring, which means regulators are taking notice. The Securities and Exchange Commission (SEC), Financial Industry Regulatory...
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Five key steps to compliance with the SFC’s Fund Manager Code of Conduct
Investment management firms with operations in Hong Kong must turn its attention to the new Securities & Futures Commission (SFC) Fund Manager Code of Conduct (FMCC), which comes into force...
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MiFID II hits six-month milestone: Time to prepare for regulatory scrutiny
MiFID II has reached its six-month milestone. After gruelling and expensive implementation projects, many firms may have hoped to draw a line under the regulation roll-out. But the effects of...
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New Patterns Appearing in SEC Exams
When sworn in as Chairman on May 2017, Jay Clayton was expected by many to usher in a period of significant adjustment at the Securities and Exchange Commission (SEC), particularly around exams...
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RegTech: Five Key Processes to Drive Efficiency
Compliance professionals face an ever-greater range of obligations. While regulators do not deliberately go out of their way to devise “tick-box” regulations, the reality is that the raft of new...
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SEC strengthens its focus on Form PF – 13 firms fined
The US Securities and Exchange Commission (SEC) is ramping up enforcement activity around Form PF – a periodic filing that contains a great deal of investment and risk exposure data which the...
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FCA to carry out review on MiFID II research arrangements
The FCA revealed at its recent Asset Management Conference that it will be undertaking a 'diagnostic' review of research and inducements at a range of organisations. With more than $1bn being...
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