This webinar will detail the provisions of FINRA Regulatory Notice 14-10, which comes into effect as of 1st December, 2014. It will address how these new Consolidated Supervision Rules will replace existing NASD Rules 3010 and 3012. Attendees will also learn applicable rules and regulations for content requirements.
A key distinction between the current rules and the consolidated supervision rules, and a telling departure from past practice, is the inclusion of FINRA’s views as to elements of an effective supervisory structure. In the past, FINRA professed to not dictate to firms how they should structure compliance and supervisory systems, so long as they were reasonably designed, but FINRA takes a new approach in several instances in the new rules, providing specific presumptions as to what a reasonably designed supervisory structure should (or should not) include.
This presentation will clarify FINRA Regulatory Notice 14-10 and will provide you with all the key distinctions between the old and new rules. It will address the revisions and additions to existing rules.
It is extremely important to have a thorough understanding of these rules in order to manage, supervise and audit as per these significant changes. In this course, participants will be guided with best practices to ensure compliance with all the rules, regulations and guidance as it relates to new consolidated supervision rules, which in turn will ensure successful FINRA and SEC inspections.
Why Should You Attend:
On March 19, 2014, FINRA issued Regulatory Notice 14-10, announcing that the consolidated supervision rules (The Consolidated Supervision Rules) approved by the SEC will become effective on December 1, 2014.A key distinction between the current rules and the consolidated supervision rules, and a telling departure from past practice, is the inclusion of FINRA’s views as to elements of an effective supervisory structure. In the past, FINRA professed to not dictate to firms how they should structure compliance and supervisory systems, so long as they were reasonably designed, but FINRA takes a new approach in several instances in the new rules, providing specific presumptions as to what a reasonably designed supervisory structure should (or should not) include.
This presentation will clarify FINRA Regulatory Notice 14-10 and will provide you with all the key distinctions between the old and new rules. It will address the revisions and additions to existing rules.
It is extremely important to have a thorough understanding of these rules in order to manage, supervise and audit as per these significant changes. In this course, participants will be guided with best practices to ensure compliance with all the rules, regulations and guidance as it relates to new consolidated supervision rules, which in turn will ensure successful FINRA and SEC inspections.
Areas Covered in the Webinar:
- Provisions of FINRA Regulatory Notice 14-10
- Distinctions between the current rules and the consolidated supervision rules
- Regulatory expectations related to the new consolidated supervision rules
- Changes in a firm’s office and individual supervisory structure
- Which personnel are permitted to act as supervisors
- Which personnel may perform office inspections
- Branch inspection reports content requirements
- Applicable rules and regulations for content requirements
Who Will Benefit:
- Compliance Directors
- Supervisory Personnel
- Compliance Professionals
- Internal Auditors
- Branch Auditors
- Branch Office Managers
- Registered Representatives
- Senior Management
- Legal Department
Course Provider
Donna Sardanopoli,
