As summer winds down and we gear up for a busy fall we thought we’d take a moment to look back at the most popular ACA articles so far this year. Read our top 10 articles of 2020 below.
1. The Compliance Officer’s Plan for Recovery in the Next Phase of COVID-19
With the reopening phase of the COVID-19 pandemic well underway, compliance officers need to be strategic and agile in their approach to compliance management. Here are some key considerations to keep in mind.
2. 7 Important Actions for Managing COVID-19 Pandemic-Related Change
Explore the actions compliance teams should be taking today relating to the current regulatory landscape, best compliance practices for working from home, and strategies for mitigating emerging risks.
3. Tips to Enhance Electronic Communication Surveillance
With reduced face-to-face interactions, employees are increasingly turning to electronic devices and platforms to communicate with their co-workers and clients. Increased electronic communication traffic can result in additional risks. Regulators, although providing relief in certain areas, still expect the compliance role to function effectively to mitigate these risks.
4. Protecting Against Cyber Crimes Related to Coronavirus (COVID-19)
Cybersecurity crimes related to the coronavirus (COVID-19) pandemic are on the rise. Here's what you need to know to remain vigilant and protect yourself.
5. CCPA Enforcement leads to Multiple Class-Action Lawsuits
The California Consumer Privacy Act (CCPA) went into effect on 1/1/20 and enforcement began on 7/1/20. There has already been considerable activity on the class action front, much of it even before the enforcement date. Review what you need to do to avoid CCPA penalties
6. SEC OCIE Issues Risk Alert on COVID-19-Related Compliance Risks and Issues
The U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) has issued a risk alert on the COVID-19-related risks, issues, and challenges faced by SEC-registered investment advisers and broker-dealers, including those resulting from the widespread use of telecommuting practices and pandemic-related market volatility.
7. Key Considerations for Adjusting Your Compliance Program in the Age of COVID-19
In this blog post, we share peer insights into how financial firms’ CCOs are navigating today's challenges, evolving regulatory expectations, and looming economic realities, along with ACA's expertise into how CCOs can adjust their compliance programs for long-term success in this environment.
8. OCIE Risk Alert Highlights Private Fund Adviser Deficiencies Related to Conflicts of Interest, Fees and Expenses, and MNPI / Code of Ethics
On June 23, 2020, the U.S. Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (OCIE) issued a risk alert to provide an overview of certain compliance issues and deficiencies observed in examinations of registered investment advisers that manage private equity funds or hedge funds (“private fund advisers”).
9. COVID-19 Has Regulators Homing in on Insider Trading and Market Abuse: Is Your Surveillance Program Ready for Increased Scrutiny?
COVID-19-related market volatility and risks posed by employees working from home have financial regulators on high alert across the globe. Regulators in recent months have all called out their continuing focus on detecting and punishing insider trading, market abuse, code of ethics violations, and other misconduct. Download our surveillance gap assessment checklist to see how your program measures up.
10. LIBOR No More: How Alternatives Managers Should Implement the Transition
The transition from the London Interbank Offered Rate (LIBOR) is due to be complete by the end of 2021. With 2020 considered a critical year for the global industry to make that transition, we examine what firms should do now to prepare for the termination of LIBOR.
For questions or more information, please reach out to your ACA consultant or contact us here.