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Financial Crimes

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Navigate the Complexity, Build Your Regulatory Advantage

We help firms to establish and maintain an effective control over the flow of material non-public information (MNPI) and the management of conflicts of interest (COIs).

We enable firms to develop robust frameworks to proactively and effectively detect, prevent and mitigate financial crimes, including money laundering, terrorist financing, illicit activities, fraud and cyber risks, and sanctions violations. 

We enable firms to establish a culture of ethical conduct through firm-wide compliance programs, managing employee risks and preventing misconduct like bribery, conflicts of interest and insider trading.

Assist firms in assuring best practice regulatory change management, enterprise risk and operational risk governance frameworks are in place, that are consistently monitored and are enhanced.

Enable firms to implement information lifecycle management (ILM) frameworks to effectively manage and govern the creation, usage and destruction of data and information across the entire trade lifecycle.

Assist legal departments at financial institutions to modernize their processes and workflows, optimizing the data and technology landscape by assisting in vendor evaluations, solution implementations and workflow optimizations.

Our comprehensive knowledge of cross-jurisdictional trade and transaction reporting, compliance and other regulatory requirements assists clients in traversing the complex regulatory landscape.

Our risk and regulatory control services enable firms to establish strong risk management and control frameworks that prevent, detect, mitigate, and report pre-trade, trade and post trade risks.

We help broker dealers and registered investment advisors meet regulatory requirements that require periodic reviews of the firm's operations, compliance policies & procedures, and controls.

We help clients develop a thorough surveillance strategy to identify potential market abuse, sales practice & investment suitability risks and strengthen clients' supervision and compliance measures.

Our experience with communications surveillance assists firms in establishing a holistic surveillance program that effectively captures, stores, analyzes, and supervises communications across e-comms, social media and voice.

RegEdge enables wealth and asset managers to seamlessly navigate the digital transformation journey. Our expertise spans strategy, digital transformation, operations, supervision, and compliance.

Communication Surveillance

Financial communication surveillance is undergoing rapid transformation, presenting new challenges and trends that firms must address to stay compliant. As communication platforms diversify and data volume increase, the complexity of recordkeeping and its effective surveillance has grown. Regulatory bodies have responded with heightened scrutiny, making comprehensive monitoring and nuanced analysis of communication across various channels, including emails, social media, instant messaging, and collaborative workspaces, crucial for compliance.

 

Recent trends underscore the need for firms to move beyond traditional compliance frameworks and embrace technological advancements to strengthen their surveillance systems. This means implementing solutions that can adapt to evolving communication patterns and regulatory landscapes. Additionally, fostering a compliance culture that permeates all levels of communication is essential. Every message, regardless of the medium, must adhere to compliance standards.

 

Firms must prioritize not only meeting current regulatory requirements but also preparing for future challenges. Agility and forward-thinking are crucial, ensuring that surveillance systems are not merely reactive but proactive. Continuous updates and refinements in response to the latest industry developments are essential to uphold market integrity and enable firms to navigate the compliance landscape with confidence.

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Social Media Compliance

The usage of social media for a variety of business purposes has proliferated and added to the complex regulatory landscape, demanding firms' awareness of evolving expectations from SEC, FINRA, FCA and other regulators globally. From preventing market manipulation through misleading promotions, to ensuring insider information secrecy, compliance is key. RegEdge can assist with assessments of social media compliance across strategy, policies & procedures, and controls and technology. We can help design and implement your future-ready target state and assist with remediation efforts.

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Record Retention Requirements

Broker-dealers and investment advisers are subject to record retention requirements to capture and preserve business related communications that are received and sent. RegEdge can assist with examining and performing testing of internal policies regarding electronic communications and record retention, with an eye toward potential gaps in the capture and collection of responsive records. We can also help to ensure the surveillance of electronic communications captures the entire universe of relevant records.

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Vendor Evaluation and Implementation

 The communications surveillance vendor landscape for e-comms, voice and social media has continued to evolve some players consolidating and new ones emerging. We continue to evaluate and nurture relationships with many RegTech vendors in this space, along with gathering feedback from the industry users of these platforms. RegEdge can leverage this knowledge to accelerate identifying the right vendors suited to your requirements and assist with performing proof of concepts or manage the entire lifecycle from requirements to implementation.

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Control Room Compliance

In the ever-changing financial landscape, a strong control room compliance framework is indispensable for ensuring the integrity of the market and protecting the interests of investors. Such a system is pivotal in identifying and mitigating the risk of insider trading, guaranteeing operations remain free from conflicts of interest, validating the precision of research reports, and fulfilling regulatory mandates. The absence of robust compliance mechanisms exposes financial firms to a spectrum of severe consequences, including the threat of substantial regulatory penalties, erosion of their reputation, dwindling investor trust, and the prospect of legal proceedings. These risks underscore the necessity of a resilient and proactive compliance strategy within the control room environment.

Our experience with material non-public information (MNPI) policies and procedures, the vendor landscape and our technical expertise, helps firms to establish and maintain an effective control over the flow of MNPI and the management of conflicts of interest (COIs). This includes design of effective information barriers, creation and maintenance of monitoring lists (e.g., restricted, watch, private, confidential), insider trading surveillance controls, wall crossing workflows, and related trainings.

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Risk Assessment and Gap Analysis

Our thorough risk assessment approach includes in-depth analysis of policies, procedures, processes, controls, and technology, accompanied by peer benchmarking to identify and prioritize control gaps in the areas of information barriers, MNPI management, wall crossings, market soundings, research independence, restricted lists and watchlists, insider trading surveillance, employee trade clearance, and conflicts of interest.

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Policy and Procedure Development / Reviews

We can assist firms in developing and implementing comprehensive policies and procedures that align with regulatory requirements and industry best practices. We can also assist with reviewing policies that are required either as part of Compliance testing routines, or driven by specific regulatory requirements as covered in our Testing and Assurance services.

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Change Management and Implementation

Our team has experience working with firms of different sizes during the transformation journey for control room compliance. We can facilitate the implementation of new control room compliance initiatives, ensuring a smooth transition and minimizing disruption to business operations.

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RegTech Solution Assessment

The technology and vendor landscape has been evolving rapidly with bespoke solutions addressing different aspects of control room compliance now available. We can assist with a thorough evaluation process, including benchmarking, requirements definition, and managing the RFP. We are vendor agnostic, and through our extensive network of vendor relationships we have the hands-on experience to accelerate the process.

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Health Checks and Platform Modernization

We can assist with evaluation of existing technology and data landscape, and provide recommendations for target state implementation. We can assist with business and data analysis, solution design, project management and implementation support, and testing to support your modernization journey.

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Financial Crime Prevention

Amid global unpredictability, the sophistication of criminal activities, and constantly evolving regulations, the financial crime environment has grown increasingly intricate.

 

Financial services companies are grappling with the escalating 'cost of compliance,' where innovation and technology play a crucial role in overcoming this hurdle. With financial crimes becoming more advanced and the regulatory framework continuously changing, it's imperative for financial institutions to implement creative, forward-thinking, and enduring strategies to stay ahead of these developments and effectively counteract malicious actors. 

In today's complex financial landscape, protecting your organization from financial crime requires a multi-faceted approach. RegEdge enables you to build a robust defense by offering a comprehensive suite of services, from policy development, assessments to vendor selection and technology implementation, model tuning, and remediation. 

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Anti-Money Laundering (AML)

We help you implement robust AML programs, including KYC, transaction monitoring, and suspicious activity reporting, to identify and disrupt illicit financial flows.

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Sanctions Screening

Ensure compliance with evolving sanctions regulations through automated screening of customers, transactions, and watchlists.

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PEP and High-Risk Customer Screening

Identify and implement solutions to manage Politically Exposed Persons (PEPs) and other high-risk clients with enhanced due diligence measures.

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Customer Due Diligence (CDD)

We can assist with design and implementation of customer due diligence frameworks to verify customer identities and assess their risk profiles

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Negative News Screening

We can help with selection, implementation and tuning of tools to monitor for negative news (a.k.a. adverse media screening) to exclude false positives and identify true potential reputational risks.

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Fraud and Cyber Risks

Implement proactive measures to prevent and detect fraudulent activity, including online fraud and cyberattacks, safeguarding your assets and reputation.

Firm-wide and Conduct Risk Compliance

Firm-wide / employee / central / conduct risk compliance requires capital market firms to cultivate an ethical culture, by addressing corruption and maintaining high standards of conduct.

 

Setting clear rules around gifts and entertainment is imperative in enforce anti-bribery and corruption. For politically exposed employees, Broker-dealers must navigate the intricacies of campaign finance law with precision, ensuring political contributions comply with regulations.

Pre-trade clearance processes are essential to curb insider trading, while managing outside business interests is vital to avoid conflicts of interest. Ensuring that employees adhere to important company policies through certifications and attestations is critical for internal compliance. Keeping licenses and registrations current is not just a regulatory need but a backbone of operational legitimacy. Collectively, these elements fortify a firm’s integrity and trustworthiness in the financial marketplace.

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Firm-wide and Conduct Risk Compliance

RegEdge has hands-on experience in designing, implementing and managing regulatory technology solutions for the key focus areas listed below.  We can assist in assessing the compliance frameworks across the key focus areas listed below, pinpointing enhancements, and guiding you through RegTech vendor selection. We evaluate vendors against stringent criteria, ensuring a future-proof fit. Our support extends to implementing these solutions, ensuring seamless integration to bolster compliance with minimal disruption.

 

  • Anti-Bribery and Anti-Corruption

  • Certifications and Attestations

  • Compliance Calendar

  • Employee Pre-Trade Clearance

  • Gifts & Entertainment

  • Outside Business Interests

  • Political Contribution Monitoring

  • Registrations & Licensing

  • Third Party Risk Management

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Governance, Risk and Compliance

Governance, Risk, and Compliance (GRC)  involves a strategic approach to aligning business processes with regulatory requirements and managing operational risks effectively. It necessitates a proactive stance in monitoring and adapting to regulatory changes, ensuring that businesses not only comply with current laws but are also prepared for future legislative shifts. Operational risk management, a crucial part of GRC, focuses on identifying, assessing, and mitigating risks that arise from internal processes, systems, and external events. This includes developing robust risk assessment frameworks, implementing control mechanisms, and establishing a culture of risk awareness across the organization. Effective GRC ensures that organizations not only mitigate risks but also optimize their operations, enhance decision-making, and maintain regulatory compliance.

RegEdge can assist firms in assuring best practice governance frameworks are in place, are consistently monitored and are enhanced where necessary. This includes reviewing policies & procedures, helping firms with design and implementation of regulatory change management frameworks & vendor solutions including horizon scanning, risk and control self-assessment (RCSA) frameworks and enabling enterprise-wide and employee compliance functions.

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Regulatory Change Management

Our services help you to identify, design and implement a regulatory change management framework to perform proactive horizon scanning of regulations, mapping the applicable regulations to firm's policies and procedures, and their impact to various process, risk and controls across the business lines. This includes management and approval workflow for enterprise wide policies, procedures and documentations.

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Enterprise & Operational Risk Management

We offer an integrated suite of services to define enterprise and operational risk frameworks, designing and enhancing operating and governance models, performing controls testing. These include defining and implementing a framework for managing your processes, risks, and controls (PRC) library. We also assist with defining frameworks for performing Risk Control Self-Assessment (RCSA) and tying it back to your existing PRC library, and tracking enterprise wide risks through a central Issue management and action log process.

Information Lifecycle Management (ILM)

Information lifecycle management (ILM) encompasses the strategic administration of data from its inception to eventual archiving or disposal, enhancing its value while reducing costs. The goal is to mitigate the potential legal and compliance risks associated with handling data.

 

ILM ensures that data serves a businesses objectives effectively, governed by service levels and policies linked to metadata, information, and associated applications.

 

The responsibility of ILM begins at the point of data creation or receipt, extending through its active use, ongoing maintenance, storage, and accessibility. Ultimately, data reaches its conclusion through disposal, destruction, or being archived as dictated by the organization's records retention protocol.

 

Additionally, safeguarding all data, particularly sensitive and personal information, is a critical component of ILM. Adhering to best practices in ILM involves not only optimizing storage but also employing methods that enhance data quality, utility, and security throughout its lifecycle.

Our services enable firms to implement information lifecycle management frameworks, to effectively manage and govern the creation, usage and destruction of data and information across the entire trade lifecycle and meet regulatory requirements pertaining to data retention, privacy and data protection (e.g., 17A3/A4, GDPR, CCPA, SOX). We ensure your framework seamlessly blends into business operations, is agile, and achieves timely outcomes.

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Information Lifecycle Management, Privacy and Data Protection

RegEdge can help firms develop or streamline data policies, procedures, reporting and controls, to increase efficiencies and mitigate risks. We advise firms on how to embed the ILM and privacy principles in their business processes, and assist with associated change management programs.

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Data Classification

RegEdge specializes in data classification services that analyze both unstructured and structured data repositories to pinpoint sensitive data, such as personally identifiable information (PII) or proprietary intellectual property (IP) needing enhanced safeguards. Concurrently, our services identify expendable data that is redundant, obsolete, or trivial. We assist our clients in tracing their data's origins, usage, and distribution, while also identifying data that is sensitive and subject to stringent legal and regulatory oversight.

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Data Mapping and Data Lineage

RegEdge offers Data Mapping and Data Lineage services to streamline how organizations track and understand their data's journey. Our team simplifies the complexity of data movement, providing clear visualizations of its flow from start to finish. With advanced tools, we help businesses grasp their data's path and transformations, ensuring they can maintain data integrity and comply with regulations. This service is essential for clarity in decision-making processes and effective data governance.

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Data Subject Access Requests (DSAR)

RegEdge can assist firms in crafting and executing workflows tailored to manage Data Subject Access Requests (DSARs) efficiently, aligning with their specific data privacy norms, processing activities, structural setup, and IT landscape. In developing these workflows, our team focuses on identifying and redacting irrelevant or confidential information across the organization, incorporating the necessary steps into the process.

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Data Retention and Disposition

RegEdge can help firms in designing and implementing data disposition frameworks to ensure data is disposed of beyond its retention period and legal hold mandates. This includes collaborating with legal teams to catalog an organization’s existing and ongoing data preservation needs, and crafting tech-driven workflows for both regular data disposal and specific data deletion requests from individuals.

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Legal Technology

Legal departments in financial institutions grapple with integrating new tech into legacy systems, often resulting in data silos and inefficiencies. Keeping up with a dynamic regulatory environment demands constant updates to ensure compliance, a challenge compounded by the need for stringent data security to protect sensitive information. User adoption presents another hurdle, as legal professionals may be resistant to change or require extensive training. Budget constraints further complicate the ability to implement and maintain cutting-edge solutions. Additionally, the sheer volume of data that needs to be managed and the necessity for systems to be reliable with minimal downtime put performance at a premium. Legal technologies must also offer customization to fit unique departmental needs, yet rapid advancements in technology may outpace a department's capacity to adapt, creating a persistent need for expertise in the latest legal tech trends and tools.

RegEdge can assist legal departments at financial institutions to modernize their processes and workflows, optimizing the data and technology landscape by assisting in vendor evaluations, solution implementations and workflow optimizations.

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Vendor Selection and Implementation

We guide you through the intricate process of vendor selection, meticulously analyzing each option against a set of criteria tailored to your needs ranging from cost-efficiency and scalability to compliance and user-friendliness. Our approach ensures that the chosen solutions for legal spend and eBilling, legal matter management, contract lifecycle management, document management, entity and IP management, legal hold, search, and reporting not only integrate seamlessly with your existing systems but also enhance your department's performance.

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Solution Design, Strategy and Implementation

Additionally, for financial institutions preferring to design and implement internal systems, RegEdge provides strategic insights into system architecture, feature set development, and workflow design. We can program manage the end-to-end implementation process, ensuring that the system is optimized for your specific legal environment.

Non Financial Regulatory Reporting

Our comprehensive knowledge of cross-jurisdictional trade and transaction reporting, compliance and other regulatory requirements assists clients in traversing the complex regulatory landscape (including SEC, CFTC, EMIR, MiFID II, SFTR, MAS, ASIC, HKMA, and JFSA) to not only achieve compliance but also improve efficiency and facilitate sound decision-making.

 

At RegEdge, we excel in addressing the challenges presented by changes to existing regulations, new regulatory mandates and enforcement actions. Leveraging our expertise in global regulations and associations with industry bodies, we guide firms through the intricacies of assessing and refining their business flows, data management, technological infrastructure, and operating models. Our commitment extends to enhancing governance and control mechanisms, establishing robust reporting frameworks, and remediating existing compliance processes. With a focus across the US, Canada, Europe, and APAC, we ensure that our clients not only meet but exceed the stringent demands of today's regulatory environment.

 

Know your current state of regulatory reporting as you embark on your transformation journey

Our team offers comprehensive support in navigating trade and transaction reporting regulations, compliance and other regulatory disclosure requirements across key global markets, including the US, Canada, Europe, and APAC. Specializing in regulations such as CFTC, CSA, EMIR, ASIC, MAS, MiFID II, CAT, LOPR, EBS, TRACE and more, we help support you in the following areas:

Regulatory Reporting Assessment

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Current State Documentation

Expertly navigating the complexities of regulatory compliance, our firm specializes in conducting thorough reviews of existing regulatory reporting policies, technology, processes, and controls. We are dedicated to assisting clients in precisely documenting their current trade flows, encompassing a wide range of parameters including business units, trading desks, and diverse products across varied asset classes.

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Regulatory Reporting Assessment

At RegEdge, we excel in conducting comprehensive assessments of regulatory reports, ensuring their completeness, accuracy, and timeliness over specified time periods. Additionally, we specialize in evaluating the effectiveness of your existing operating models, controls, policies, and procedures, providing a thorough analysis to identify and address any areas of concern. By partnering with us, clients gain access to our deep expertise in regulatory compliance, benefiting from a rigorous testing framework that bolsters confidence in their existing reporting ecosystem.

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Regulatory Inquiry Management

We support compliance teams, legal departments, and external counsel in navigating regulatory inquiries. We approach this by understanding the scope of each inquiry, establishing internal deadlines for response collation, and gathering the requisite information. Our team is adept at crafting precise and comprehensive responses to regulator queries, ensuring our clients meet compliance obligations with efficiency and accuracy.

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Regulatory Change Management

 Our firm specializes in providing comprehensive support for adapting to regulatory changes, whether it's changes in compliance requirements for existing regulations like EMIR REFIT and CFTC, or implementing new mandates such as SEC 10c-1a. We offer end-to-end project management services, encompassing requirements definition, meticulous impact analysis, and detailed traceability documentation. Our approach is designed to ensure seamless integration of regulatory updates into your business operations, safeguarding compliance with precision and efficiency.

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Regulatory Assurance and Periodic Testing

We assist clients by providing regulatory assurance  and periodic testing services through exhaustive and extensive evaluations of your regulatory reports, prioritizing their completeness, accuracy, and timeliness of the submissions. We are adept in scrutinizing the efficacy of operational models, controls, policies, and procedures, ensuring comprehensive analysis. Our commitment to excellence in regulatory compliance offers our clients a robust framework for testing, enhancing the integrity and reliability of their reporting ecosystem.

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Regulatory Remediation and Platform Modernization

We help our clients in  the remediation of their existing book of issues across regions and regulatory agencies, addressing both existing and newly unearthed issues. Additionally, we have a skilled team of architects that help clients in modernizing the data supply chain and migrate their regulatory infrastructure from an inhouse / legacy platform to a scale cloud-based infrastructure (Snowflake, AWS, Azure, etc.)

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Defining Operating Model and Governance Procedures

 We help clients in crafting bespoke regulatory reporting governance structures, ensuring a robust framework for compliance. We work with our clients to design reporting processes and controls tailored to their specific needs. Our strategic approach includes defining an ideal target state and developing a comprehensive implementation roadmap, guiding clients through every step towards optimal regulatory alignment.

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Risk and Regulatory Control

In today's complex and ever-evolving financial landscape, navigating the intricate web of risks and regulations can be daunting. Firms should have comprehensive pre-trade, trade, and post-trade controls to manage risks and comply with regulatory standards.

Pre-trade controls include due diligence checks, client suitability assessments, and order validation to ensure compliance with market conditions and firm policies. During trading, real-time monitoring and threshold settings prevent market manipulation and ensure orderly execution. Post-trade controls involve trade confirmation, settlement processes, clearing, and record-keeping to detect and rectify any discrepancies or reporting errors.

These controls, alongside accurate and timely trade surveillance, help firms mitigate operational risk, prevent potential financial crime, and maintain market integrity. Implementing these controls across all stages of trading is essential for safeguarding against legal and reputational risks.

We assist firms with controls assessment, implementation and testing, and defining operating and governance model to help firms prevent, detect, mitigate, and report risks across the trade lifecycle:

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Pre-Trade

We help ensure pre-trade compliance with regulations like SEC Rule 15c3-5, MiFIR/MiFID II implementing robust controls for HFT, algo, and model testing. This proactively mitigates risks of inaccurate quotes, unfair market access, and manipulative trading.

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Trade

Our services support adherence to critical trade regulations like RegNMS, RegATS, MiFIR/MiFID II, MAR, RTS 24 (Trade venue surveillance), Best Execution, and Regulation Best Interest. We assist with implementing controls to optimize routing, prevent trade-through, and ensure fair and transparent execution.

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Post-Trade

We guide firms in complying with post-trade requirements like MiFIR/MiFID II, I Annex I and II, Settlement Discipline Regime (SDR), and CSDR (Central Securities Depositories Regulation) and SEC Rule 15c3-3 covering settlement, confirmation, and recordkeeping requirements. This minimizes settlement failures, ensures accurate recordkeeping, and strengthens operational resilience.

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Testing and Assurance

We help broker-dealers and registered investment advisors (RIAs) to maintain robust compliance programs that align with stringent regulatory requirements. Our comprehensive services encompass periodic reviews of operations, compliance policies and procedures, and controls that are suited for annual and periodic testing reviews and attestations.

 

We craft tailored testing programs, including compliance independent testing and internal audit testing, that dovetail with specific regulatory mandates and business practices. This ensures comprehensive coverage and the proactive identification of potential gaps in compliance measures.

 

Our team possesses deep industry knowledge and a proven track record of success in helping firms navigate the complex regulatory landscape. We prioritize effective communication and collaborate closely with our clients to ensure their compliance programs remain current and aligned with regulatory evolutions.

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Broker Dealer Testing - FINRA Rules 3110, 3120, 3130

RegEdge provides a thorough evaluation and testing service for firms subject to FINRA's supervisory and compliance rules. We ensure your supervisory systems, internal policies, and control procedures are robust and meet the requirements of Rules 3110, 3120, and 3130. Our services include reviewing written procedures, inspecting correspondence, and validating the effectiveness of supervisory controls, including the critical annual report to senior management and certification by the CEO or equivalent.

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Market Access Testing - SEC Rule 15C3-5

For broker-dealers operating under SEC Rule 15c3-5, RegEdge offers specialized testing to evaluate the firm's risk management controls and supervisory procedures related to market access. We focus on pre-trade and post-trade controls, ensuring that your practices prevent erroneous orders and manage financial exposure effectively, culminating in the CEO certification of compliance.

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Registered Investment Advisor (RIA) Annual Compliance

SEC Rule 206(4)-7 requires SEC-registered investment advisers to perform an annual review of their compliance programs. This rule ensures firms have written policies to prevent violations of the Investment Advisers Act of 1940 and its rules. Our team can assist with review of your written policies and procedures, assesses their effectiveness, and ensure that your compliance culture is strong and proactive, with a particular focus on the role and efficacy of your Chief Compliance Officer.

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Anti-Money Laundering (AML) Annual Testing

RegEdge's AML testing services ensure that your financial institution's anti-money laundering program meets the stringent requirements of the Bank Secrecy Act (BSA). We evaluate your policies, procedures, customer due diligence (CDD) processes, and the effectiveness of your AML training programs, providing a comprehensive analysis and identification of areas for improvement.

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Senior Managers and Certification Regime (SMCR)

With the UK's Senior Managers and Certification Regime (SMCR) expanding accountability in financial services, RegEdge assists in reviewing your firm's compliance with the SMR, the Certification Regime, and Conduct Rules. We assess responsibility mappings, the certification process for key staff, and the pervasiveness of conduct standards within your organization.

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Trade Surveillance

Capital markets firms should follow a holistic approach to implementing their trade surveillance programs to ensure that the multiple geographical jurisdictions and asset classes in which they do business are comprehensively covered. As businesses grow and firms engage in increasingly complex trading activities, the regulatory landscape continues to evolve, so it is imperative that regular assessments and tests of control adequacy are undertaken.

 

The primary objective of trade surveillance is to prevent and detect suspicious trading patterns that may indicate market abuse activities, such as insider trading and market manipulation. Effective trade surveillance programs enable firms to proactively identify and address potential compliance issues before they escalate into serious regulatory violations, and the severe financial penalties and reputational damage that can ensue.

 

Regulatory agencies across the regions such as SEC, CFTC, FINRA, FCA and ESMA are conducting increasingly sophisticated case examinations using advanced analytics and deep data-sets, meaning firms must ensure they remain ahead of the pace of technological change to meet ever more exacting regulatory obligations.

There are several key areas that firms need to consider when designing and implementing an inclusive trade surveillance program.

 

  • Market abuse behaviors e.g., Spoofing / Layering

  • Insider Trading e.g., Misuse of material non-public information (MNPI)

  • Regulatory trading controls monitoring e.g., Best Execution

  • Buy-side specific e.g., Sales practices and suitability monitoring

Our experience with trade and communications surveillance including the vendor landscape assists firms in establishing a holistic surveillance program that effectively captures, stores, analyzes, and supervises both communications and trading activities to identify, monitor, and investigate potential violations of insider trading, market manipulation, and other regulatory requirements, ensuring your firm's compliance and reputational integrity.

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Current State Assessment and Target State Design

Our holistic approach includes in-depth analysis of policies, procedures, processes, controls, and technology, accompanied by peer benchmarking to identify improvement opportunities. We ensure data integrity through source-to-target data mappings and quality assessments. We work collaboratively to define a future-ready target state strategy. Our seasoned experts provide actionable insights for remediation

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Surveillance Routines / Models Management

We help you optimize your surveillance controls by defining and tuning your surveillance routines and models to proactively identify and mitigate emerging risks. This includes validation and testing processes to ensure the reliability and effectiveness of your surveillance mechanisms, encompassing routine and model performance analysis, alert review, and thorough back testing.

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Vendor Evaluation and Selection

We can help you identify the right technology partners to meet your requirements. Our holistic approach encompasses vendor evaluation, featuring benchmarking, requirements definition, and expert RFP management, ensuring a thorough evaluation with precise scoring and ranking. We excel in vendor benchmarking, comparing potential partners against industry standards to align with your unique needs. Additionally, our service extends to proof of concept / pilots, where we collaboratively define scope, set objectives, and manage projects from start to finish.

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Implementation Services

Whatever vendor solution you have chosen, we can manage the integration to your business from start to finish. Our end-to-end project management and coordination services guide you seamlessly through the integration journey. We oversee critical testing phases, including data mapping testing and user acceptance testing, guaranteeing a smooth and efficient implementation.