For the first time, this year’s survey also asked compliance officers to rank their priorities for regulatory and legislative acton affecting investment advisors. The most frequently named concerns were the following:
1. Unified federal data privacy and cybersecurity laws.
2. Sustainable investing (ESG).
3. Custody Rule
4. Electronic delivery.
5. Form CRS.
6. Proxy voting.
The survey is a joint project of the the IAA, ACA Group and Yuter Compliance Consulting. It’s designed to “identify the top concerns of investment management compliance professionals and the types of compliance testing practices and strategies investment adviser firms are using to address core compliance topics,” the IAA said in a release.