Modern Compliance: Capturing Mobile and Social Media Communications
Join ACA and SnippetSentry as we explore global communication capture strategies to reduce compliance risks and enhance your compliance program.
Webcast
Investment Firm Prudential Regime (IFPR) Support
Prepare a robust prudential programme to meet new regulatory expectations.
The Investment Firm Prudential Regime (IFPR) came into force on 1 January 2022, directly impacting any group that owns an FCA authorised firm that provides MiFID investment services and activities - regardless of their location.
These new prudential rules introduce more complex and onerous capital, liquidity, reporting and governance requirements for affected firms - many are now facing requirements to maintain significantly greater levels of capital.
It's vital that impacted firms understand and implement the new requirements to stay on the right side of the regulator.
Our Solutions
Our experienced prudential team are on hand with a wide range of solutions designed to you implement and maintain your IFPR obligations. These include:
Understanding the new rules
The FCA has already published one Discussion Paper and two consultation papers on IFPR, to be followed by a third consultation paper and a final policy statement.
Rooted in a firm grasp of the detail and underlying objectives of the new regime, our IFPR Implementation Planner and other briefing documents boil these requirements down to the essential details.
Implementing the changes
We will take you step-by-step through embedding the changes into your financial control and compliance frameworks.
This will include documentation such as the new ICARA and regulatory reporting formats, revised remuneration policies, plus supporting compliance and monitoring collateral. Our aim is to support you through the changes, while causing minimal disruption to your business.
Regulatory Reporting
We offer a comprehensive IFPR regulatory reporting solution that addresses all your FCA obligations on an on-going basis.
We also offer ICARA services as well as transparency or Annex IV reporting solutions, all of which can be built into a package of compliance review services.
IFPR by the numbers
Polls conducted during ACA’s European Regulatory Horizon virtual conference in March 2021 found that:
State of readiness
4%
said they are ready and capitalised for the IFPR.
Biggest challenge
49%
feel compliance systems and resources, including the drafting of new procedures, are the most impactful area of the regime.
Greatest impact
29%
29% see increased capital requirements as having the greatest impact.
The UK’s Investment Firm Prudential Regime
13 Key Considerations for Successful Implementation
The Investment Firm Prudential Regime (IFPR) directly impacts any group that owns an FCA authorised firm that provides MiFID investment services and activities.
Time is ticking for firms to get their programmes in place. Download our checklist to find out top tips to address your obligations, ahead of the 1 January 2022 deadline.
Latest insights
Ukrainian-Russian Conflict Escalates: How Developing Sanctions Affect U.S. Asset Managers
All U.S. persons and entities, including financial firms, are required to abide by the current OFAC sanctions against Russia. Firms should review their KYC, sanctions, and due diligence efforts in light of the changing OFAC mandates.
Compliance Alert
- AML and Financial Crime
- Compliance
Updated: Firms Encouraged to Remain Vigilant Due to Heightened Cybersecurity Concerns Over the Current Situation in Ukraine
In light of recent geopolitical issues with Russia and Ukraine, both the UK’s National Cyber Security Centre and the U.S. Cybersecurity & Infrastructure Security Agency (CISA) have released guidance on action steps firms can take to bolster and protect their cyber programs.
Cyber Alert
- Cybersecurity
- Cybersecurity Resources
2022 Regulatory Headwinds: Potential Changes to Securities Laws and Regulations and the Impact on Private Fund Managers
We partnered with Willkie Farr & Gallagher LLP to explore several of the proposed SEC rulemakings that merit special attention for private funds.
Article
- RegTech
- Compliance
Four Reasons to Attend Regulatory Horizon 2022 | Prepare for the Challenges of Tomorrow
On 8-10 March, we bring together a wealth of financial services industry experts at our virtual conference. Over 3 days and 10 sessions, they’ll examine a wide variety of governance risk and compliance hot topics and challenges. Learn more about why you should add this event to your calendar.
Article
- Compliance
- ComplianceAlpha
- ESG
- Cybersecurity
- Cybersecurity Resources
- Managed Services
- FCA
- SEC
- SEC Marketing Rule
- Regulatory Deadlines
SEC Proposes Sweeping Changes Affecting Private Fund Managers
On February 9, 2022, the SEC proposed five new rules as well as amendments to Rules 204-2 and 206(4)-7 under the Investment Advisers Act of 1940, as amended. According to the SEC, these proposals are designed to address "concerns that arise out of the opacity that is prevalent in the private fund structure."
Compliance Alert
- Compliance
- Private Fund
Whaling Attacks: How to Respond When a C-Suite Executive is a Victim
Whaling will soon become one of the most prominent forms of cyberattacks, especially with firms that operate in remote and hybrid work environments. In this article, we describe: whaling attacks, their impact, how to prepare C-Suite executives to not fall victim to whaling attacks, and what to do if an executive is a victim.
Article
- Cybersecurity
- Cybersecurity Resources
News
ACA Group Acquires Financial Compliance Firm, FINOP Consulting
Acquisition strengthens ACA’s outsourced financial operations offering for broker-dealers.
ACA Group Recognized on ESGFinTech100 Among Top Industry Innovators
We are thrilled to announce that ACA Group has earned a spot on the prestigious 2024 ESGFinTech100 list, joining the ranks of the world's most innovative ESG technology providers.
Financial Services Firms Lag in AI Governance and Compliance Readiness, Survey Reveals
The 2024 AI Benchmarking Survey by ACA Aponix and NSCP reveals that, despite enthusiasm for AI, financial firms lack formal AI governance frameworks, testing protocols, and third-party oversight.
Events
The Most Wonderful Time of The Year: Tailoring Your Annual Compliance Review
Join our experienced ACA Wealth experts who will discuss an investment adviser’s obligations for the annual compliance review required under Rule 206(4)-7.
Webcast