COVID-19 Resource Center
COVID -19 Resource Center
During these uncertain times, Core Compliance & Legal Services, Inc. SM (“Core Compliance”) continues to be here as a trusted partner and source of guidance as we all navigate the industry and the effects of the coronavirus (COVID-19) pandemic. The team at Core Compliance is closely monitoring the guidance of the World Health Organization (WHO) and the Centers of Disease Control (CDC) regarding the spread and status of the virus.
Our team is heavily focused on how the current health epidemic has created new and evolving regulatory risks for our industry. This section of our website, which is regularly updated, is dedicated to continuously providing unparalleled industry guidance, regulatory updates, as well best practices to assist firms manage any emerging business and market disturbances.
The Core Compliance team aims to be a true partner during these difficult times. Our comprehensive service solutions are designed for unique and growing business models and we are here to help mitigate risks and help firms maintain their business operations, especially now during these times of crisis.
Some of our compliance solutions that firms may find helpful at these times are of the following:
- Business Continuity Plans (BCP)
- Regulatory Filings and deadlines
- Remote Surveillance (employee risk management)
- Third-party vendor risk management
- Cyberecurity, awareness and training
- Compliance technology and support solutions
Contact the Core Compliance Team for support and comprehensive compliance solutions.
Featured Insight & Guidance by the Core Compliance Team
- Blog Post: "Two Important Concerns to Address Within Your Business Continuity Plan (BCP) for an SEC Examination"
- Risk Management Update: "Immediate Impacts of COVID-19 on Investment Adviser Compliance Programs," by CEO Michelle L. Jacko, CSCP
- Blog Post: "Is Your Firm Prepared for a Pandemic?"
Regulatory Updates
Below is the latest Regulatory Updates and News regarding COVID-19.
April 23, 2020
- FINRA Frequently Asked Questions Related to Regulatory Relief Due to the Coronavirus Pandemic (updated 4.23.2020)
April 22, 2020
April 14, 2020
- Division of Investment Management Coronavirus (COVID-19) Response FAQs
- Importance of Delivering Timely and Material Information to Investment Company Investors
April 13, 2020
April 10, 2020
- SEC Coronavirus (COVID-19) Response (modified 04.10.2020)
- Division of Corporation Finance Statement Regarding Requirements for Form 144 Paper Filings in Light of COVID-19 Concerns
April 9, 2020
- MSRB Amends Certain Rules to Provide Regulatory Relief During COVID-19 Pandemic
- California DBO Consumer Alert: Be Vigilant Against Scams and Unlawful Activities Seeking to Exploit Heightened Economic Anxieties
April 8, 2020
- SEC Conditional Exemptive Order: Providing Temporary Relief for Business Development Companies Making Investments in Small and Medium-Sized Business
- Division Of Investment Management Staff Statement On Hearing Requests On Applications Filed Under The Investment Company Act Of 1940 And Investment Advisers Act Of 1940
April 7, 2020
- SEC Office of Compliance Inspections and Examinations Publishes Risk Alerts Providing Advance Information Regarding Inspections for Compliance with Regulation Best Interest and Form CRS
- OCIE Risk Alert: Examinations that Focus on Compliance with Regulation Best Interest
- OCIE Risk Alert:Examinations that Focus on Compliance with Form CRS
- SEC Q&A: Exchange Act Forms (Section 112. Form 40-F, Question 112.02)
- Staff Guidance for Conducting Shareholder Meetings in Light of COVID-19 Concerns
April 6, 2020
- SEC Q&A: Exchange Act Forms (Section 104. Form 10-K, Question 104.18)
April 3, 2020
- The Financial Crimes Enforcement Network Provides Further Information to Financial Institutions in Response to the Coronavirus Disease 2019 (COVID-19) Pandemic
- NASAA Outlines Investor Protection Concerns Amid COVID-19 Crisis in Remarks to SEC Advisory Committee
- Statement on the Important of High-Quality Financial Reporting in Light of the Significant Impacts of COVID-19
April 2, 2020
- Updated: Securities and Exchange Commission (SEC ) – Disclosure: Staff Responses to Questions About the Custody Rule (Questions II.1, IV.7, and VII.4)
- SEC Announces Regulation Best Interest and Form CRS Compliance Deadlines Will Not Change
- Division of Trading and Markets Staff Statement Regarding Requirements for Certain Paper Submissions in Light of COVID-19 Concerns
April 1, 2020
March 31, 2020
March 26, 2020
- SEC Provides Additional Temporary Regulatory Relief and Assistance to Market Participants Affected by COVID-19
- Cybersecurity Alert Measures to Consider as Firms Respond to the Coronavirus Pandemic (COVID-19)
- Coronavirus (COVID-19) Update – Regulatory Relief for IBs
- Chairman Tarbert on the CFTC’s Response to COVID-19
March 25, 2020
- Division of Investment Management Staff Statement on Fund Board Meetings and Unforeseen or Emergency Circumstances Related to Coronavirus Disease 2019 (COVID-19)
- SEC Extends Form ADV/PF Relief and Eases Conditions
- SEC Extends Conditional Exemptions From Reporting and Proxy Delivery Requirements for Public Companies, Funds, and Investment Advisers Affected By Coronavirus Disease 2019 (COVID-19)
- State “Shelter-in-Place” and “Stay-at-Home” Orders
March 24, 2020
- COVID-19 Guidance on FINRA-Administered Exams
- IAA and Allied Organizations Urge Congress to Restore Deduction for Financial Advice in Stimulus Package
- Frequently Asked Questions Related to Regulatory Relief Due to the Coronavirus Pandemic
- FINRA Provides Temporary Extension of Time for Submission of Fingerprint Information Under Rule 1010(d)
March 23, 2020
- Securities and Exchange Commission (SEC) Public Statement: Statement from Stephanie Avakian and Steven Peikin, Co-Directors of the SEC’s Division of Enforcement, Regarding Market Integrity
- Securities and Echange Commission (SEC) - OCIE Statement on Operations and Exams – Health, Safety, Investor Protection and Continued Operations are our Priorities (modified 03.23.2020)
- FINRA Regulatory Operations Update
March 22, 2020
- Securities and Exchange Commission (SEC) - SEC Provides Conditional Regulatory Relief for Registered Transfer Agents and Certain Other Persons Affected by the Coronavirus Disease 2019 (COVID-19)
- Notice to Securities and Franchise Filers from the State of California Business, Consumer Services and Housing Agency
March 21, 2020
March 20, 2020
- Financial Industry Regulatory Authority (FINRA) Regulatory Notice 20-10: FINRA Amends the FINRA Corporate Financing Rule
- Commodity Futures Trading Commission (CFTC) - RELEASE Number 8136-20: CFTC Issues Third Wave of Relief to Market Participants in Response to COVID-19
- Securities and Exchange Commission (SEC ) - SEC Coronavirus (COVID-19) Response
- Securities and Exchange Commission (SEC ) – Public Statement: Statement on the SEC’s Coronavirus Response Efforts – Facilitating the Continued Orderly Operation of Our Capital Markets Consistent with Health and Safety Directives and Other Measures
- Requested Relief Related to Retirement Plans and Savers Due to the Coronavirus Emergency
March 19, 2020
March 18, 2020
- Commodity Futures Trading Commission (CFTC) - RELEASE Number 8135-20: ICYMI: Chairman Tarbert Highlights CFTC’s COVID-19 Response
- Commodity Futures Trading Commission (CFTC) - RELEASE Number 8134-20: CFTC Issues Customer Advisory on COVID-19
- National Futures Association (NFA) – Notice I-20-13: Coronavirus (COVID-19) Update—Regulatory Relief
- Department of Homeland Security: CISA Cyber and Infrastructure: CISA Insights Newsletter: Risk Management for Novel Coronavirus (COVID-19)
- Financial Industry Regulatory Authority (FINRA) – Business Continuity Planning (BCP): Frequently Asked Questions Related to Regulatory Relief Due to the Coronavirus Pandemic
March 17, 2020
- Commodity Futures Trading Commission (CFTC) - RELEASE Number 8133-20: CFTC Issues Second Wave of Relief to Market Participants in Response to COVID-19
- Financial Conduct Authority (FCA) - FCA information for firms on Coronavirus (Covid-19) response
- Securities and Exchange Commission (SEC ) – Public Statement: Update on Consolidated Audit Trail; Temporary COVID-19 Staff No-Action Letter; Reducing Cybersecurity Risks
March 16, 2020
- Securities and Exchange Commission (SEC ) – Disclosure: Using IARD (Question under Form ADV Item 1.F)
- Securities and Exchange Commission (SEC ) – Disclosure: Staff Responses to Questions About the Custody Rule (Question II.1)
- Commodity Futures Trading Commission (CFTC) - RELEASE Number 8131-20: CFTC Cancels March 19 Open Meeting
March 14, 2020
March 13, 2020
- Securities and Exchange Commission (SEC ) - SEC Takes Targeted Action to Assist Funds and Advisers, Permits Virtual Board Meetings and Provides Conditional Relief from Certain Filing Procedures
- Securities and Exchange Commission (SEC ) - SEC Staff Provides Guidance to Promote Continued Shareholder Engagement, Including at Virtual Annual Meetings, for Companies and Funds Affected by the Coronavirus Disease 2019 (COVID-19)
- Securities and Exchange Commission (SEC ) - ORDER UNDER SECTION 6(c) AND SECTION 38(a) OF THE INVESTMENT COMPANY ACT OF 1940 GRANTING EXEMPTIONS FROM SPECIFIED PROVISIONS OF THE INVESTMENT COMPANY ACT AND CERTAIN RULES THEREUNDER; COMMISSION STATEMENT REGARDING PROSPECTUS DELIVERY
- National Futures Association (NFA) – Notice I-20-12: Coronavirus Update—NFA Branch Office Requirements
- Department of Homeland Security: CISA Cyber and Infrastructure: Alert (AA20-073A) Enterprise VPN Security
- Securities and Exchange Commission (SEC ) - ORDER UNDER SECTION 206A OF THE INVESTMENT ADVISERS ACT OF 1940 GRANTING EXEMPTIONS FROM SPECIFIED PROVISIONS OF THE INVESTMENT ADVISERS ACT AND CERTAIN RULES THEREUNDER
March 12, 2020
- National Futures Association (NFA) – Notice I-20-11: Information on CFTC Regulatory Reporting Requirements
- Financial Industry Regulatory Authority (FINRA) - Regulatory Notice 20-08: Pandemic-Related Business Continuity Planning, Guidance and Regulatory Relief
- Financial Industry Regulatory Authority (FINRA) – Investor Tips: Financial Peace of Mind in the Age of Coronavirus
March 6, 2020
- Financial Industry Regulatory Authority (FINRA) - Pandemic Preparedness Survey Results
- Federal Financial Institutions Examination Council (FFIEC) - FFIEC Highlights Pandemic Preparedness Guidance
- Federal Deposit Insurance Corporation (FDIC) - Interagency Statement on Pandemic Planning
March 4, 2020
- Securities and Exchange Commission (SEC) - SEC Provides Conditional Regulatory Relief and Assistance for Companies Affected by the Coronavirus Disease 2019 (COVID-19)
- Securities and Exchange Commission (SEC ) - ORDER UNDER SECTION 36 OF THE SECURITIES EXCHANGE ACT OF 1934 GRANTING EXEMPTIONS FROM SPECIFIED PROVISIONS OF THE EXCHANGE ACT AND CERTAIN RULES THEREUNDER
- Securities and Exchange Commission (SEC ) - Division of Investment Management Staff Statement on Fund Board Meetings and Unforeseen or Emergency Circumstances Related to Coronavirus Disease 2019 (COVID-19)
- National Futures Association (NFA) – Notice I-20-10: Information on Coronavirus/COVID-19
February 19, 2020
January 30, 2020