Using RegTech to Enhance Compliance

In the face of ever-increasing regulatory requirements, advisers may consider regulatory technology solutions (RegTech) to make their compliance processes more effective and efficient. A recent program at ACA Group’s Spring 2021 Virtual Conference examined how RegTech can be used to automate and facilitate compliance communications; surveillance and monitoring; regulatory filings; document management; vendor management; and preparation for SEC examinations. One panelist also discussed how RegTech assisted a new adviser with navigating its first SEC exam. The program featured ACA Group directors Leigh Emery and Elaine Vincent, as well as Shannon McLaughlin, CCO and controller at Boulevard Family Wealth. This article distills their insights. See our three-part series on AI for fund managers: “How to Use It to Streamline Operations” (Sep. 5, 2019); “Government Guidance, Service-Provider Negotiations and Risks of Bias” (Sep. 12, 2019); and “Automating the Legal Department and Maintaining Privacy” (Sep. 19, 2019).

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