COVID-19 Compliance Risks and Considerations for SEC-registered firms

The Office of Compliance Inspections and Examinations (“OCIE”) has published a new statement relating to COVID-19, identifying a number issues, risks, and practices relevant to SEC-registered investment advisers and broker-dealers.

READ STatement

Covid-19, market volatility and remote working have significantly increased the number of operational, technological and commercial challenges and issues for financial firms, which consequently generate several regulatory and compliance questions. In response, the OCIE presents key compliance risks and considerations for broker-dealers and investment advisers in this statement. They also share recommendations into the following categories to outweigh these challenges:

  • The protection of investors’ assets

  • Supervision of personnel

  • Practices relating to fees, expenses, and financial transactions

  • Investment fraud

  • Business continuity

  • The protection of investor and other sensitive information

 

During this period, OCIE has continued to operate across the US, working closely with SEC registrants to understand the impact of the global covid crisis, address any questions and requests, and to ensure business continuity under the appropriate health and safety standards.


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