Regulatory Compliance Mock Exams
Make sure your firm is prepared to handle a regulatory review by the SEC, NFA, FCA, FSRA, or DFSA
Is your firm prepared for regulatory scrutiny?
With increasing regulatory scrutiny, firms must prove compliance. Our document assessments, interviews, trade analytics, and compliance testing, led by former regulators, provide actionable insights to mitigate risks, address deficiencies, and benchmark against industry standards.
Regulatory reviews are not just routine. They are a critical test of your firm’s compliance framework, impacting business continuity, investor confidence, and regulatory standing. If unprepared, you risk:
- Penalties and enforcement actions from compliance gaps
- Business disruptions due to last-minute fixes and unexpected scrutiny
- Reputational damage that can erode investor trust
Our mock exams and compliance health checks give proactive insights to anticipate regulatory focus, uncover weaknesses, and strengthen internal controls before an official review.
Get ahead of the regulators – book a regulatory review today.
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Mock reviews: Crucial to compliance success
Record-breaking SEC financial remedies
$8.2B
Total financial remedies ordered by the SEC in fiscal year 2024
FCA regulatory penalties surge
230%
Increase in FCA fines in 2024, when compared to the previous year
Escalating DFSA Penalties
44%
Increase in fines imposed by the DFSA in 2023 compared to the previous year
Regulatory reviews matter
Stay audit-ready and compliance-secure with mock exams, health checks, and policy reviews. Watch our video to see how we help firms reduce risk and strengthen compliance.
FAQs: Regulatory reviews and mock exams
Why should my firm conduct a mock exam or regulatory review?
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.
How often should we conduct a regulatory mock exam or audits?
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.
How can I prepare my team for a regulatory review?
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
What areas are assessed in a regulatory review or mock exam?
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
What happens after a mock exam or review?
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.
Does ACA provide regulator-specific mock exams and audits?
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