Start Planning Now for FINRA Renewals

Firms are required to renew the FINRA and state/jurisdiction registrations of their registered reps every year, and the deadlines are coming up fast. Now’s the time to make sure that you have the right framework in place to manage your renewals on time, cost effectively, and efficiently.

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FCA publishes speech on MAR

In a virtual conference, Julia Hoggart, Director of Market Oversight at the FCA discusses the challenges posed by the pandemic and highlights that at this stage firms should have overcome these challenges, improved surveillance and risk assessments. The speech is an indication as to where the FCA may focus their attention during the rest of this year and into 2021.

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Pay-to-Play Compliance Key in Record Breaking Election Cycle

The Federal Election Commission (FEC) recently released their Statistical Summary of 18-Month Campaign Activity of the 2019-2020 Election CycleThe data shows that the 2020 election cycle has so far seen record-breaking political donations across the board.

 This unprecedented level of contributions combined with stringent regulations, low donation thresholds, and past history of strict enforcement actions means that Pay-to-Play compliance needs to be a top-of-mind concern for firms of all sizes right now.

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Key factors shaping Market Abuse Regulations

During 2020, many factors have shaped the regulations and enforcement actions to maintain market integrity and place the interests of clients ahead of firms and individuals. In addition to the challenges faced by compliance and risk departments, the number of people trading worldwide has risen, pressuring regulators and compliance departments to quickly act to monitor conflicts of interest and prevent individuals from taking market advantage.

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ESMA Publishes MAR Review Report

On September 23rd, the European Securities and Markets Authority (ESMA) published a set of outcomes and recommendations on the Market Abuse Regulation. The report has the objective to review the functionalities of MAR since its implementation in 2016 and draft suggestions to improve the regulation. The report is based on a 2019 consultation and covers buy-back programmes, the delayed disclosure of inside information, the usefulness of insider lists, managers’ transactions, the retention period of personal data among other topics.

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