Why Compliance is Crucial to Your Financial Services Business
Following regulatory guidelines and industry standards ensures operational integrity, reputation, and longevity in the financial services business. Specifically, maintaining compliance can reduce risks, boost efficiency, maintain knowledge, build trust, and protect consumer interests.
Understand Compliance in the Financial Services Industry
Compliance is an important buzzword within the financial services industry. Fortunately, we are here to help you understand financial compliance, and why it is important, in the easiest way possible. At its core, compliance refers to the adherence to regulations, laws, guidelines, and standards set forth by governing bodies and authorities to ensure the integrity, […]
The SEC’s proposed vendor due diligence rule
On October 26, 2022, the Securities and Exchange Commission proposed new oversight requirements for certain services outsourced by Investment Advisers. https://www.sec.gov/news/press-release/2022-194 The new rule proposal would prohibit registered investment advisers from outsourcing certain services and functions without conducting due diligence and monitoring of said service providers. The outsourcing focus is on areas such as: Outsourced Compliance […]
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