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ASA Submits Comments on SEC’s Outsourcing Proposal
- ASA Newsroom
- Dec 27, 2022
- 1 min read
ASA urges SEC to drop the one-size-fits-all regime replacing the existing framework
WASHINGTON, D.C. – Today, the American Securities Association (ASA) sent a letter to the U.S. Securities and Exchange Commission (SEC) on the agency’s Outsourcing by Investment Advisers proposal.
“The SEC’s proposal replaces the existing principles-based approach to third-party oversight with a ‘one-size-fits-all’ regime,” ASA CEO Chris Iacovella said. “We remind the Commission that the obligation to oversee third-party service providers has long been understood to be part of an adviser’s fiduciary obligation, and it is a responsibility advisers do not take lightly. We urge the SEC to drop this Proposal.”
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Le débat autour de la proposition de la SEC concernant la sous-traitance met en lumière l'importance de la transparence dans les services financiers. L’ASA, en soumettant ses commentaires, participe activement à garantir une régulation juste, tout en protégeant les investisseurs et les processus de marché. Ces discussions sont cruciales pour préserver un environnement financier fiable et durable. Si vous évoluez dans ce secteur et souhaitez valoriser votre position ou communiquer efficacement sur vos actions, Rhillane Marketing Digital peut vous aider à mettre en place des stratégies de marketing adaptées. Car oui, même les enjeux réglementaires gagnent à être compris via une communication claire et ciblée.
The SEC’s outsourcing proposal is an important step in regulating the financial sector, ensuring transparency and fairness in outsourcing practices. This submission reflects a growing need for clarity and standardized rules that will benefit businesses in the long run. Companies looking to navigate these changes could benefit from development solutions that streamline compliance. For instance, this site provides a wealth of expertise to assist businesses with adapting their processes to align with new regulations. Staying updated with regulatory changes and incorporating them into your strategy is crucial for sustaining growth and avoiding risks. Continuous development in compliance is an ongoing necessity for maintaining success.