Improving Compliance Adoption

 

Hands reaching up for helpHistorically, Focus 1’s compliance training efforts were centered on an adviser and its CCO’s responsibility of designing and implementing an effective compliance program. As per the Compliance Rule, “An adviser’s chief compliance officer should be competent and knowledgeable regarding the Advisers Act and should be empowered with full responsibility and authority to develop and enforce appropriate policies and procedures for the firm.

A successful compliance initiative requires all employees to be on board.

The more familiarity employees have with the firm’s regulatory obligations, the greater their contribution to compliance within the firm.

As the regulatory landscape continues to evolve and the SEC’s exam initiatives become more active, the greater the impact compliance training will have on the success of the firm’s overall compliance program. While some compliance topics may only be relevant to certain individuals or functional areas within the firm, all employees can benefit from compliance training that is more general in nature (i.e. code of ethics, insider trading, etc.).

To meet the need for comprehensive yet adaptable compliance training, Focus 1 is offering Compliance YOUniversity (“CYOU”). We’ve partnered with Xcelus, a global provider of eLearning training solutions, and a team of credentialed compliance consultants to provide training on the SEC’s rules and regulations as well as on the GIPS standards.

CYOU provides a platform conducive to investment advisers’ needs.

 

Benefits for Employees:

Course Segmentation
Each course is segmented into several 5-10-minute lessons, allowing viewers to watch and re-watch all or part of a course as their time allows;

Animation
The lessons are animated, using voice over chalk illustrations;

Watch Anywhere
The courses are designed to be viewed across multiple media platforms – desktops, notebooks, tablets and smart phones.

Benefits for CCOs:

User
Each user has his or her own login, but it is a firm-wide subscription

Monitoring
The CCO can track which segments have been viewed

Analytics
The eLearning portal provides powerful course analytics, including quiz question results

 

Compliance Readiness Chalk ArtCYOU’s first course, titled “Compliance Readiness,” provides:

  • an overview of the SEC,
  • the structure of the national examination program,
  • how to prepare for and successfully navigate an examination,
  • the examination focus areas for 2014 and 2015, and
  • what to expect once the staff has left your office.

Equally as important is our second course titled “The Compliance Program Rule: A 10-Year Anniversary,” which not only provides an overview and history of the Rule, but also lists the related enforcement actions, some of which are referenced within the course.

As our course catalogue develops, CYOU will consist of a series of compliance courses focused on the Investment Advisers Act of 1940, The Investment Company Act of 1940, and the Global Investment Performance Standards (GIPS).

If you are interested in learning more about Compliance YOUniversity, please contact Toby Cochran at (541) 944-1109 or via email at toby@focus1associates.com.

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