Core Compliance & Legal Services, Inc.

06/09/2026

The SEC has established joint data standards under the Financial Data Transparency Act of 2022, creating a framework for more consistent financial regulatory data across federal agencies.

The standards introduce common identifiers for entities, locations, dates, products, and currencies, while also promoting the submission of high-quality, machine-readable data.

The goal is to improve the accessibility and usability of financial information, reduce reporting burdens for financial institutions, and support greater transparency for investors.

Financial firms should keep an eye on future agency-specific rulemakings as implementation of the Act continues.

See the full SEC Press Release here: https://hubs.li/Q04kQgn30

06/02/2026

The SEC has published a Draft Strategic Plan for public comment, outlining how the agency intends to advance its core mission of protecting investors, maintaining fair and efficient markets, and facilitating capital formation.

Among the priorities identified in the draft are:
• Supporting innovation and capital formation through clear and effective regulation
• Increasing engagement with industry stakeholders and facilitating compliance efforts
• Modernizing technology and operations, including exploring the responsible use of AI and blockchain technologies

The draft plan also addresses areas that may be of particular interest to investment advisers and other financial industry participants, including digital assets, private market access, disclosure modernization, and enforcement practices.

Public comments are due by July 2, 2026.

Head to the full SEC Press Release to learn more: https://hubs.li/Q04jRzzL0

05/28/2026

The SEC and NFA have entered into a new Memorandum of Understanding ("MOU") to improve coordination, information sharing, and oversight on matters of mutual regulatory interest.

The MOU focuses on:
✔ Emerging risks
✔ Examination planning
✔ Market conditions
✔ Reducing duplicative oversight

For firms operating across both securities and derivatives markets, this may signal a continued push toward more harmonized regulatory oversight and streamlined compliance expectations.

See the full SEC Press Release: https://hubs.li/Q04jbQl30

05/22/2026

We’re pleased to welcome Kevin Leahy to the team as our newest Compliance Consultant!

Kevin brings extensive experience supporting investment advisers and financial services firms with compliance program development, regulatory filings, examination readiness, testing and surveillance, and vendor due diligence.

With over a decade of industry experience and a strong operational compliance background, Kevin’s practical and collaborative approach will be a tremendous asset to both our team and our clients.

Welcome to the team, Kevin!

Learn more about Kevin here: https://hubs.ly/Q04hHQbS0

At Core Compliance, our employees are our greatest asset with years of in-house and regulatory experience. Read more about Kevin Leahy.

05/12/2026

The SEC has charged 21 individuals in connection with an alleged insider trading scheme tied to material nonpublic information obtained from global law firms and pending corporate transactions.

The action underscores the SEC’s continued emphasis on:
✔ Insider trading prevention
✔ MNPI safeguards
✔ Supervisory controls
✔ Employee training and monitoring
✔ Strong compliance culture

As enforcement activity surrounding market abuse continues, firms should evaluate whether their policies, procedures, and surveillance practices are keeping pace with regulatory expectations.

Read the full SEC Press Release here: https://hubs.li/Q04ggmhw0

05/05/2026

The small adviser deadline for the amended Regulation S-P is coming up fast on June 3, 2026.

If your firm hasn’t started preparing, now is the time. Key areas to focus on include:
✔ Protecting client information with strong safeguards and cybersecurity controls
✔ Having clear procedures for handling and notifying clients of data breaches
✔ Properly disposing of sensitive client information when it’s no longer needed

A good first step is reviewing your current policies to identify gaps and making updates well before the deadline.

We’ve put together a practical guide to help firms navigate these requirements and stay on track.

Learn more: https://hubs.li/Q04frj9T0

04/28/2026

The SEC and CFTC have proposed changes to Form PF that could significantly reduce reporting requirements for private fund advisers.

Some of the key proposed updates include raising reporting thresholds, eliminating requirements for smaller advisers, and streamlining disclosures—while still allowing regulators to monitor systemic risk.

If adopted, these changes could ease compliance burdens for many firms. Advisers may want to assess how these updates could impact their filing obligations and consider participating in the public comment process.

Learn more: https://hubs.li/Q04dKfKH0

04/20/2026

The June 3, 2026 deadline for the amended Regulation S-P is coming up fast.

If you haven’t already, now is the time to:
✔ Review how you safeguard client information
✔ Confirm your breach notification procedures (including vendor responsibilities)
✔ Update how your firm handles the disposal of sensitive data

These updates aren’t just check-the-box—they’re core to protecting client information and meeting regulatory expectations.

Take a few minutes to make sure your firm is on track. Our latest article offers a fun angle on practical steps to help you get there before the deadline: https://hubs.li/Q04cLktb0

Regulation S-P Amendments – Guidance on Steps for Meeting June 3, 2026 Deadline

04/09/2026

As ADV season comes to a close, it’s a great time for advisory firms to make sure their compliance policies actually reflect how their business operates today.

A big focus for 2026: Regulation S-P.

With new requirements around protecting client information and responding to cybersecurity incidents, firms should be preparing now.

It’s also a good opportunity to revisit policies surrounding:
• AI usage
• Cybersecurity and business continuity plans
• Conflicts of interest
• Communication practices
• Marketing Rule compliance
• Vendor oversight

Staying ahead of these areas now can help avoid bigger issues later.

If you need help reviewing or updating your Policies and Procedures, Core Compliance is here to support you.
Learn more: https://hubs.li/Q04b9S_20

03/31/2026

The right service providers can make a meaningful difference in how advisory firms manage compliance, cybersecurity, and day-to-day operations.

Our Service Provider Spotlight – Tools Supporting Advisors in 2026 looks at a range of vendors firms have worked with and highlights what to consider before engaging a third party.

A strong vendor relationship starts with proper due diligence—and continues with ongoing oversight.

Read more: https://hubs.li/Q0492F-y0

In this Risk Management Update, we highlight a selection of vendors our clients have engaged over the years.