The SEC Custody Rule, also identified as Rule 206(4)-2 within the Investment Advisers Act of 1940 , sets forth regulations for investment advisers overseeing client funds or securities. Custody encompasses...

FINRA Rule 3110, commonly referred to as the ” Supervision Rule, ” mandates that member firms implement and uphold a supervisory system for their personnel. The “Supervision Rule” sets forth...

SEC Rule 17a-3 , mandated by the U.S. Securities and Exchange Commission under the Securities Exchange Act (SEA), compels brokers and dealers to document and retain a comprehensive record of...

The Investment Advisers Act of 1940 Rule 204-2 enforces a significant regulatory obligation on all investment advisers registered with the Securities and Exchange Commission (SEC). This involves preserving books and...

The SEC Pay-to-Play Rule , Rule 206(4)-5 under the Investment Advisers Act, prohibits investment advisers from engaging in certain activities related to political contributions to state and local government officials....

The Sarbanes-Oxley Act (SOX) of 2002 is a United States federal law aimed at strengthening financial record-keeping and reporting practices for corporations. It mandates rigorous reforms to existing securities regulations,...

FINRA Rule 4530 delineates the crucial reporting obligations for limited corporate financing brokers, emphasizing the importance of timely submissions, executive representative updates, and maintaining fidelity bond coverage. This rule is...

The FCA’s Investment Funds Sourcebook (FUND) and Collective Investment Schemes Sourcebook (COLL) set out requirements for managers and depositories of authorised and unauthorised investment funds. Record keeping requirements inlcude those...

The FCA’s Consumer Credit Sourcebook (CONC) applies to all credit-related regulated activities, including consumer loans, credit cards, consumer hire, credit broking, and debt-related services. Consumer credit is a highly regulated...

The FCA’s Banking: Conduct of Business Sourcebook (BCOBS) applies to firms when they accept deposits from banking customers and is predominantly aimed at protecting retail customers in respect of banking...

The FCA’s Mortgages and Home Finance: Conduct of Business Sourcebook (MCOB) applies to firms that carry out lending and selling of a range of home finance products including mortgages, home...

The FCA’s Insurance: Conduct of Business Sourcebook (ICOBS) applies to firms that carry out insurance business that is not life insurance business, including effecting and carrying out contracts of insurance,...

Financial Institutions carrying on a range of regulated activities in the UK will be regulated by the PRA and FCA (for banks, insurers and certain large investment firms) and by...

The Markets in Financial Instruments Directive (MiFID) is an EU law that harmonizes EU regulation of investment services. MiFID’s objectives are to increase competition and consumer protection in investment services....

The FCA’s Dispute Resolution: Complaints Sourcebook (DISP) outlines how complaints should be dealt with by firms, payment service providers, electronic money issuers, CBTL firms, designated credit reference agencies, designated finance...