RQC Group’s Post

Our August 2024 Monthly Newsletter is out, covering notable regulatory news from last month in the UK, the EU and the US. and highlighting key dates and deadlines. Click below for our August 2024 Monthly Newsletter.... #MonthlyNewsletter #compliance #fca #sec #nfa #cftc #esma #RQCGroup

Our September newsletter is out - get yourself up to speed on trans-Atlantic regulatory developments.

Our September 2024 Monthly Newsletter is out, covering notable regulatory news from last month in the UK, the EU and the US, and highlighting key dates and deadlines. Click below for our September 2024 Monthly Newsletter.... #MonthlyNewsletter #compliance #fca #sec #nfa #cftc #esma #RQCGroup

Our May 2024 Monthly Newsletter is out, covering notable regulatory news from last month in the UK, the EU and the U.S. and highlighting key dates and deadlines. Click below for our May 2024 Monthly Newsletter.... #MonthlyNewsletter #compliance #fca #sec #nfa #cftc #esma #RQCGroup

As part of the National Futures Association's membership application process and at least annually thereafter, all NFA Members are required to complete the NFA's Member Questionnaire (previously known as the Annual Questionnaire). The NFA has announced modifications to the Questionnaire’s requirements under Compliance Rule 2-52, Interpretive Notice 9082 and amended Bylaw 301, with the changes effective October 15, 2024. Click below for more about this in our May 2024 Regulatory Newsletter.... #nfa #compliance #RQCGroup

The U.S. Securities and Exchange Commission has adopted rules to amend Regulation S-P, requiring Registered Investment Advisers to adopt written policies and procedures concerning unauthorized access or use of customer information. Regulation S-P was adopted in 2000 to safeguard customer information and ensure its proper disposal. The rule, as amended, is designed to modernize Regulation S-P to account for the technological advances that have occurred over the last 24 years. Click below for more about this in our May 2024 Regulatory Newsletter.... #sec #compliance #RQCGroup

The Financial Conduct Authority recently introduced a new version of Form A, used for applications related to Senior Management Functions and Controlled Functions, which aims to improve efficiency and data collection for the regulator. Click below for more about this in our April 2024 Regulatory Newsletter.... #fca #compliance #RQCGroup

At the recent Mansion House City Dinner, Financial Conduct Authority Chief Executive Nikhil Rathi spoke on the FCA's growth objective, which aims to boost UK economic growth and support international competitiveness while advancing core goals: market function, consumer protection, and system integrity. Key points included: - Progress & Challenges: The FCA has seen wins like tackling 10,000 misleading promotions and cutting investigation times. But more work is needed, including streamlining processes and refining transparency on early enforcement; - Risk & Innovation: The importance of regulatory risk appetite and cutting compliance complexity was highlighted, especially for firms managing multiple regulatory requirements; and - Future Input: UK Parliament is inviting written submissions on the growth objective until a deadline of 29 November 2024. Click below to read our full article… #FCA

Enforcement fines for FCA regulated firms are high profile. However, there are other ways by which regulatory action presents an existential threat to a firm’s business operations. In our recent monthly newsletter, we explore a recent case study, and lessons that can be learnt. Click below for more on this… #fca #compliance #RQCGroup

Personal misconduct is a regulatory hot topic. Recently, the FCA fined a senior individual for failure to report an HMRC fine, and it also refused an authorisation application due in part to the principal’s misconduct at previous employers. The FCA also published the results of its non-financial misconduct survey. Among other findings, there has been an increase in non-financial misconduct incidents and such incidents being reported in regulatory references. Click the below links for more on these topics… > Double jeopardy: FCA fine for failure to report HMRC fine - https://ow.ly/ewo450UfWKl > Refusal of authorisation application on threshold condition grounds - https://ow.ly/syPg50UfWKk > FCA publishes results of non-financial misconduct survey - https://ow.ly/zJIv50UfWKm Stay informed with the latest regulatory updates, industry developments, and enforcement insights from RQC Group’s expert compliance team with our October 2024 Newsletter.... #MonthlyNewsletter #compliance #FCA #RQCGroup