The U.K. Financial Conduct Authority (FCA) has released its three-year strategy for 2022-2025. The document sets out the FCA’s areas of focus for the next few years along with the goals of preventing serious harm, setting higher standards and promoting competition.
What does compliance need to know about the regulator’s updated longer term plans?
Regulated digital assets might sound like an oxymoron given that cryptocurrency was developed as an anti-establishment alternative to conventional finance. However, growing use of such assets has encouraged regulators across the world to take a closer look at this developing asset class.
The UK Financial Conduct Authority (FCA) has clearly set expectations to ensure that asset managers conduct their business with due skill, care and diligence and that they manage conflicts of interest, between the firm or its employees and its customers or between its customers, fairly. A European asset management firm was recently fined £9.1mn by the FCA for failure to adhere to these principles and effectively manage conflicts of interest.
The SEC issued the Risk Alert Investment Adviser MNPI Compliance Issues to provide investment advisers, investors, and other market participants with information concerning notable deficiencies that the the Division of Examinations (“EXAMS”) has cited related to material non-public information (MNPI) and Code of Ethics Issues.
New York, May 2, 2022: MCO (MyComplianceOffice), a global provider of conduct risk and compliance technology, today announced that the company has finalized its acquisition of Schwab Compliance Technologies (SCT), a solution that automates monitoring employee trading activity and administering a firm's Code of Ethics. The closing of the deal marks a meaningful step toward the company’s expansion and position as a leading authority on conduct risk and compliance technology
