On March 25, 2020, the SEC issued a new Order extending and relaxing some of the conditions pertaining to the available relief for filing and delivering Form ADV amendments and for filing Form PF. Under the new Order, which replaces the March 13 Order, the relief is extended to applicable filing and delivery obligations on … Continued
CHICAGO, March 24, 2020 — Envestnet, Inc. (NYSE: ENV) has entered into a strategic partnership with Compliance Solutions Strategies (CSS) to offer a comprehensive, fully customizable Form CRS software solution for registered investment advisers (RIAs) and broker-dealers to Envestnet clients. CSS’s Form CRS Automator software is designed to help firms meet the Form CRS filing requirements adopted by the … Continued
On March 23, 2020, the SEC’s Office of Compliance Inspections and Examinations posted an announcement on its website that “in light of health and safety concerns and other circumstances, OCIE has moved to conducting examinations off-site through correspondence, unless it is absolutely necessary to be on-site.” Similarly, over recent weeks, CSS has arranged with clients … Continued
The capacity of financial firms to comply with the upcoming go-live of SFTR reporting obligations has been critically compromised by the escalating COVID-19 pandemic. According to The International Securities Lending Association (ISLA) and the International Capital Market Association (ICMA) a delay is now necessary. The two industry bodies sent a joint letter to the European … Continued
Global RegTech provider Compliance Solutions Strategies (CSS) today announces its release of Form CRS Automator, the market’s first comprehensive and fully customizable software solution designed to help firms meet the upcoming requirements of Form CRS which has been introduced by the Securities and Exchange Commission (SEC). CSS’s proprietary and Web-based tool gives regulated firms the ability … Continued
Looming regulatory deadlines – such as the impending roll-out of Europe’s Securities Financing Transactions Regulation (SFTR) – are rarely welcomed by compliance teams at buy- and sell-side firms. But the introduction of this complex and far-reaching regulation, starting April 2020, offers market participants a significant opportunity. Firms that have so far adopted a tactical approach … Continued
Technology has done much to increase cost transparency in recent years, yielding considerable power – and savings – to consumers. Price comparison websites, for example, make it easy for us to weigh the costs of regular household expenditure items – from holidays to utility services to home insurance – across multiple providers. Behind the technology … Continued
CSS regulatory compliance expert Greg Hotaling and product manager of CSS substantial shareholder and position limit monitoring solution Signal Mike Marmo discuss threshold monitoring trends in Europe, and what to expect from ever-changing major shareholding, short position and position limit obligations. The Shareholder Rights Directive, MiFID II, Brexit and other topics are also addressed. Fill … Continued
In order to pay federal taxes, many licensed, regulated, cannabis companies have to launder their cash. Why? Because banks will not open an account for a cannabis business due to cannabis being illegal at the federal level. How exactly then do dispensaries, cultivators, retailers, transportation and other cannabis businesses pay Uncle Sam taxes if they … Continued
One week after the SEC adopted Regulation Best Interest and Form CRS, a Cincinnati roundtable hosted by Fort Washington Investment Advisors, Inc. Private Funds & Regulatory Compliance Manager Andre Rickman ran through early impressions of the new rules and their accompanying Interpretive Releases with a very interested group. CSS Regulatory Compliance Expert Greg Hotaling opened … Continued
From the C-Suite to the Compliance Seat, executives, senior management, and risk management professionals have a very important role to play in driving their firms towards a more resilient organization.
Securities Financing Transaction Regulation (SFTR) reporting is rapidly taking shape as firms prepare to report with a phased in approach from April 2020. The latest milestone is the publication of ESMA’s draft SFTR Reporting Guidelines in late May. These extensive draft guidelines are subject to a consultation period but even in their current state will … Continued
SFTR is designed to enhance transparency of Securities Finance Transactions (SFTs) for all financial and non-financial EU entities and, branches of non-EU entities. The reporting obligation begins 11 April 2020 for investment firms, followed by a nine-month phased approach for other firms. Need a quick introduction to the key details of the regulation? Download our … Continued
We’re still digesting all the great takeaways from the recent AIMA Global Policy & Regulatory Forum 2019. The theme was “Technology, Innovation, Change,” which is exactly what firms should be focused on this year. In the general session, Jeanette Turner, Chief Regulatory Officer of CSS, led a lively panel on “Technology as a Gamechanger” with … Continued
CSS frequently publishes blog posts which are written by our team from their observations in the field, at conferences and through experiences with compliance professionals. These posts are designed to further knowledge and share industry best practices. Topics run the gamut, including Form ADV, cybersecurity, MiFID II, position limit monitoring, technology challenges and more. Complete and submit the brief form below to receive notifications when we publish new content.
