So You Survived Year-End Compliance Testing — But are You Ready for What’s Next?

Compliance professionals have had a busy year so far, but the tasks and testing will continue to increase.

From preparing and filing the new Form ADV to assessing new regulations such as GDPR, compliance teams are feeling the strain of managing their day-to-day tasks as well as the stress of conducting periodic testing.

As the current quarter draws to a close, compliance managers should review their risk matrix and compliance calendar to ensure the following tasks are accounted for:

• File Form ADV with the SEC by March 31
• Review employee quarterly transaction reports
• Conduct internal quarterly email reviews
• Conduct quarterly routine monitoring and surveillance
• Review compliance policies and procedures
• Review marketing materials with quarter-end numbers
• Confirm private fund audits have been distributed to all investors by April 30

How ACA Can Help

ACA’s team of compliance consultants, data scientists, and financial technologists can support your firm in addressing the challenges of the ever-evolving regulatory landscape. 

About the Author

Sean McKeveny rejoined ACA in September 2014 to support the launch of the Analysis and Review Center (“ARC”) in Pittsburgh. Sean had previously worked as a Compliance Analyst in ACA’s Morristown, New Jersey office. After spending three and a half years in Pittsburgh, Sean returned to Morristown, where, as a Consultant, he oversees select ARC projects, provides support during mock exams, and serves as a practice specialist supporting sales and business development initiatives for ACA’s Business Process Outsourcing segment.