Insights

The Securities and Exchange Commission (SEC) unveiled protective new proposals in October 2022 which would affect all investment firms that outsource certain functions or services to third party contractors.

The Securities and Exchange Commission (SEC) has upgraded forty-year-old rules that affect investment advisors’ (RIAs’) marketing communications to help prevent fraud. The aim of the new rules is to adapt them to modern digital advertising media and clarifying relationships.

The SEC have continued to report that the regulatory landscape for ESG disclosure may face significant changes in order to create consistent and comparable data for investors.

The appetite for cloud-based services is increasing exponentially among financial institutions as organisations look to capture cost synergies, obtain scalability and ensure better business continuity in their operations.

SEC commissioner Caroline Crenshaw recently spoke on data quality and accuracy, noting that there are “many tools available to aid with the submission of high-quality, accurate data.”

Regulatory reporting obligations have created a plethora of challenges across different organisations within the financial service industry, from insurers and banks to asset managers and payment processing firms