Understanding the NSCP Firm & CCO Liability Framework

Overview

In an increasingly complex regulatory environment, fostering collaboration between regulators and compliance officers is critical to enhancing investor protection and maintaining market integrity through an effective compliance function. Over the past year, the National Society of Compliance Professionals (NSCP), through its Regulatory Advisory Committee, reviewed the issue of Chief Compliance Officer (“CCO”) liability.

In an effort to advance the conversation of CCO liability and provide an industry perspective on the day-to-day challenges and concerns felt by compliance officers, the NSCP conducted member surveys to assess members’ views on CCO liability and CCO empowerment and resources. These results provided the baseline for the Regulatory Advisory Committee to develop the NSCP Firm and CCO Liability Framework, which provides a practical approach to CCO liability and offers nine questions to consider in cases where a compliance failure may have occurred.

In this webinar, RegEd and NSCP Regulatory Advisory Committee members discuss the NSCP Firm and CCO Liability Framework and how best to utilize it for the benefit of your firm’s compliance program and with regulatory examination and enforcement staff.

To view a copy of the NSCP Firm and CCO Liability Framework, visit here.