TAILORED ONGOING SEC, CFTC OR FINRA COMPLIANCE SUPPORT

Our approach to ongoing compliance support is designed to meet the specific needs of each client. We listen to those needs and develop a service that works best for you. Our ongoing compliance support ranges from effectively outsourcing the compliance function to Optima, to our simply providing ad hoc advice as needed, as well as all levels in between. Typically our ongoing support includes some of the products described below. Many of our clients mix and match the products that work best for them.

Periodic compliance reviews

For many of our clients, we undertake periodic compliance monitoring reviews. These reviews are normally undertaken on a quarterly or semi-annual basis.

Our reviews follow a risk-based compliance monitoring program; which is constantly updated in accordance with what we are seeing from the relevant regulator, and includes a report setting out our findings and practical recommendations.

The reviews serve as an important tool in ensuring that firms are following their compliance monitoring programs and have an appropriate audit trail.

Although we have a proven methodology, we also can tailor the scope and nature of the reviews to fit any specific needs of the client.

The Annual Compliance Review

The SEC, CFTC and FINRA require that firms undertake an annual review and assessment of their compliance policies and procedures. The output of this is something the regulators will expect to see when they undertake an exam. Optima is able to undertake and manage the end to end process of the Annual Review for you. Our specialists have all undertaken many Annual Reviews and have an excellent understanding of industry best practice and what the relevant regulator will expect to see in terms of scope and output.

Day to Day Management of the compliance function

Many of our clients have a significant strain on their resources and the person who has been given the title of Compliance Officer does not necessarily have the time to undertake the role on a day to day basis. Therefore we provide a service whereby we do not just give advice and review what the client has done, we proactively manage the compliance function on a day to day basis. Consequently, the client has little or nothing to do in terms of managing and implementing the compliance monitoring program and ensuring that the regulatory reports and filings are completed on a timely basis. This service can also save firms money by negating the need to hire a full time compliance resource.

Ad hoc advice as needed

If firms do not wish to have a fixed service but wish to just use Optima as and when they need to, we are happy to agree to provide a simple ad hoc service. Commonly this service involves answering ad hoc queries as needed, notifying clients of new regulations as they affect your business, assisting with correspondence with the regulators and help with regulatory reporting. For this service we ensure that we are always very responsive and clients can use us as much or as little as they want.