MyComplianceOffice Blog

From MCO's January Webinar with Patrick J. Burns, Jr of ARC

The Market Abuse Directive II (MAD II) goes into effect this year. The new regulation will require firms to enhance employee supervision and take closer look at their organizational compliance practices. For those unfamiliar, MyComplianceOffice has compiled five fast facts to serve as an introduction.

According to recent reports, the Securities and Exchange Commission (SEC) seeks to hire 100 new compliance examiners by October 2016. The plans by the enforcement to expand staff by 20% have substantial ramifications for investment firms who can anticipate that more examiners will ultimately mean more examinations.

The US and EU have reached an agreement on a new pact to replace the previous safe harbor, which was made void last year. The new pact, still pending political approval, will be called the ‘EU-US Privacy Shield.’

Jan 11, 2016, the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) published examination priorities for 2016.