Regulatory Compliance Mock Exams

A mock exam helps identify compliance gaps, test internal controls, and ensure your firm is prepared for regulatory scrutiny. It allows you to address deficiencies proactively rather than reacting to potential enforcement actions.

Firms should conduct mock exams, review, or health check at least annually or whenever there is a significant regulatory change, internal restructuring, or an upcoming regulatory inspection. High-risk firms may benefit from more frequent reviews.

Beyond conducting mock exams, firms should:

• Regularly train employees on compliance best practices
• Ensure documentation is accurate and up to date
• Use technology solutions to enhance surveillance and reporting
• Conduct ongoing self-assessments to detect and mitigate risks early

We assess key compliance areas, including:

• Policies and procedures – Ensuring documentation aligns with regulatory expectations
• Governance and oversight – Evaluating internal controls and reporting structures
• Surveillance and monitoring – Reviewing trading activity and compliance technology usage
• Recordkeeping and reporting – Identifying deficiencies in regulatory filings
• Staff readiness – Testing employee knowledge and preparedness for regulatory inquiries

You can receive a detailed report outlining strengths, weaknesses, and recommended actions to enhance compliance readiness. We can also support remediation efforts, including updating policies, training staff, and improving governance structures.

Yes, we tailor each mock exam to align with the specific focus areas and methodologies of different regulators. For example:

• SEC exams – Data-driven testing, surveillance reviews, and trade analytics assessments
• FCA reviews – Conduct risk evaluations, thematic reviews, and ICARA assessments
• NFA exams – Risk-based compliance checks and supervisory framework testing
• FSRA & DFSA inspections – Governance and risk management assessments

We provide mock exams and compliance reviews tailored to regulatory expectations for:

• U.S. Securities and Exchange Commission (SEC)
• U.K. Financial Conduct Authority (FCA)
• U.S. National Futures Association (NFA)
• Abu Dhabi Financial Services Regulatory Authority (FSRA)
• Dubai Financial Services Authority (DFSA)

Our process includes:

• Preliminary risk assessment – Understanding your firm’s operations and regulatory exposure
• Document and policy review – Analyzing compliance frameworks, reporting procedures, and internal controls
• Interviews and testing – Engaging key personnel to assess regulatory preparedness
• Findings and recommendations – Providing a detailed report with action items to strengthen compliance
• Ongoing support – Assisting with remediation, staff training, and continuous monitoring