MNPI Remains a High Risk Area for Compliance

Failing to adequately manage Material Non-Public Information (MNPI) remains a high risk area for compliance, as evidenced by recent actions in the U.S. and the U.K. A private equity firm paid $1 million to settle SEC charges for failing to implement effective Insider Trading compliance policies. The FCA published a Decision Notice fining a former CEO £658,900 for market abuse and banning him from future roles linked to regulated activity.

To avoid hefty fines and actions, firms must have comprehensive and actionable policies and procedures around the management of MNPI and insider lists to minimize risk.

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FMSB Final Conflicts of Interest Statement of Good Practice

The FICC Markets Standards Board (FMSB) published the final version of a Statement of Good Practice on the issue of Conflicts of Interest in early October. The guidance is intended to give organizations practical, working level direction and examples to learn from as they determine how to prevent and mitigate conflicts of interest that arise within their enterprises. 

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Five Steps to an Effective Internal Compliance Committee

Almost every sizeable company likely has an internal audit committee in place. But many organizations have now recognized the valuable role an internal compliance committee can play as well. An internal compliance committee can help institute a culture of compliance and ensure an organization’s employees understand and perform their part in addressing critical regulatory requirements.   

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CCO's Make Their Voices Heard in CW Survey

Unlike many jobs, there typically isn’t a straight career path toward becoming a compliance officer. In fact, nearly 90 percent of the 290 respondents to Compliance Week’s first annual “Inside the Mind of the CCO” survey started their careers in a different field 

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C-Suite Involvement Crucial to Compliance Program Sucess

Integrating the compliance function into an organization’s C-Suite not only improves crisis preparedness but also helps protect the bottom line. Performing that integration is not always so easy, however. The first roadblock is the C-level structure itself. 

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