Now, more than ever before, chief compliance officers (CCO) and compliance professionals are tasked with the near impossible – mitigating heightened risk points while navigating the ever-increasing complexities of the regulatory landscape. The nuance and specificity required of such a position has placed enormous burden on those who take up the post of compliance officer.
Registered investment advisers, hedge funds, private equity firms and broker-dealers alike continue to strive to meet the regulatory requirements despite resource strains and macroeconomic trends placing increased burdens on resource and support budget.
The 2023 edition of COMPLY’s CCO Playbook details the kinds of sophisticated risk and red flags which will continue to impact the regulatory compliance landscape over the course of the next year. By analyzing both the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) 2022 enforcement actions and 2023 exam priorities, we aim to provide compliance professionals with the tactical strategies which will help them achieve compliance and continue to mitigate risk.
In this year’s report, we examine the integrated resources available to compliance professionals – including regulatory technology, education and consulting services – in their pursuit of continued compliance. With a look into ongoing trends and expert advice from our own compliance consultants, this playbook will equip compliance professionals with the means to successfully navigate regulatory compliance in 2023 and beyond.