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The types of services that may be offered under
this arrangement, are:
- Creation, implementation and maintenance
of a Compliance Structure
- Ongoing Compliance Consultation
- Ongoing Advice on Regulatory Developments
- Liaising with Regulatory Authorities
 As
a condition of their continued registration,
registered firms are expected to create, implement
and maintain a compliance structure to reasonably
prevent or detect regulatory violations. This
structure should include:
- Supervisory procedures;
- Internal Controls to prevent or detect regulatory
violations;
- Procedures to ensure staff are aware of
their obligations; and
- Procedures to ensure significant concerns
or issues are escalated to senior management.
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- Maintaining
a written policies and procedures manual, and
ensuring they remain current with regulatory
and internal changes;
- Reviewing and advising
on key controls and processes such as, client
documentation maintenance and update, client
account/portfolio supervision, investment suitability,
and the maintenance of appropriate books & records;
- Conducting annual Head Office on-site visits
to verify controls and procedures;
- Conducting annual compliance training
seminars for management and staff.
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| Regulatory
and compliance issues can impact many of the strategic
and operational aspects of a securities registered
business. As a result, it is critical that senior
management have ready access to experienced compliance
staff who “understand” their business.
Ara can effectively serve as an ongoing “Compliance
Advisor” to registered firms. In this role,
Ara will be a resource to senior management on
the regulatory aspects of any strategic or business
issue.
Ara would be able to thoroughly understand and
apply the firm’s business needs and circumstances,
as this function would be an ongoing and close
arrangement with your firm. |
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- Responding to
operational compliance questions
- Advising on the resolution of conflict of
interest matters
- Reviewing and providing compliance comment
on significant contracts such as, client
account documentation, fee arrangements,
custodial arrangements and referral arrangements.
- Reviewing and providing compliance comment
on sales and marketing materials
- Undertaking a preliminary review and analysis
of client complaints
- Advising on the regulatory implications
of strategic plans
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Ara can
advise management, on an ongoing basis, of any
new regulatory requirements, interpretations
or, administrative procedures that may impact
the firm. Ara can also advise management on
the appropriate application of these changes
to their business, and suggest alternative solutions,
where applicable.
Ara can represent the Firm on any regulatory
inquiries, audits, sweeps, or requests for information.
If warranted, Ara can also seek exemptions or
other accommodations from the applicable regulatory
authorities.
Please note that, Ara will not
represent the firm in any investigatory or enforcement
related proceedings as the firm may need the
assistance of legal counsel in these circumstances.
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