KEY DEVELOPMENTS
IMPROVING COMPLIANCE PROCEDURES
Compliance with regulations for investment and financial advisory firms has always been a challenging aspect. These firms must navigate new policies and legalities, as well as varying interpretations of recently enforced guidelines. Furthermore, technological advancements and sensitive issues in the industry pose additional risks that must be considered when developing an effective compliance strategy.
ANNOUNCEMENTS AND RELEASES NATIONAL AND INTERNATIONAL COOPERATION IN REGULATORY ENFORCEMENT
Investors prioritize various investment strategies to maximize productivity and achieve a higher return on investments. To this end, investment strategies are broadly classified and explained through different approaches.
RULEMAKING AND DECISIONS SCOPE OF REGULATORY COLLABORATION
The nature and scope of cooperation can vary from case to case. The Department of Compliance and Securities Division offers assistance not only for investigations, but also for other types of inquiries as part of a compliance program aimed at preventing illicit activities. It exchanges general information about matters of regulatory concern, including financial and supervisory information, technical expertise, surveillance and enforcement techniques, and investor education.
REGULATORY INITIATIVES DEVELOPING ACCOUNTING AND AUDITING STANDARDS
The comparability and reliability of financial information are crucial for informed decision-making. The primary goal of financial statements is to provide information about an enterprise’s financial position, results of operations, cash flow, and changes in ownership equity that are useful to a broad range of users for decision-making purposes.