BAI’s Post

These overview resources are absolute GOLD!

This is concerning, and it's clear that many firms are still struggling to find the right support for their business. Since the start of the year, we've been hearing from numerous firms that are dissatisfied with their current support provider and/or compliance consultants. If you're facing challenges, or have experienced an unexpected increase in charges, it may be time for a change. Please reach out to Barry Martin to learn more about how threesixty can support your firm. #Compliancesupport #RegulatoryUpdates #BusinessSupport #Regulation #timeforachange #supportprovider

CFPB Updates 1071 Compliance Dates   In light of the recent Supreme Court ruling on May 16th that the CFPB’s funding is, in fact, constitutional, the Consumer Financial Protection Bureau has updated its 1071 page with new mandatory compliance dates and filing deadlines under the Section 1071 Rule: https://lnkd.in/g6phmXFD   The CFPB plans to issue an interim Final Rule to formalize these updates. Find all your 1071 Resources here - https://lnkd.in/gR-zZNA3

On June 3rd, 2024, the SEC’s amendments to Regulation S-P were published to the Federal Register. The amendments will become effective 60 days after publication in the Federal Register. Larger entities will have 18 months after the date of publication in the Federal Register to comply with the amendments, and smaller entities will have 24 months after the date of publication in the Federal Register to comply. Click here to read the full report: https://hubs.ly/Q02zx6Gp0

🚨The importance of defining criminal offences and penalties for the violation of Union restrictive measures. Below I’ve summarised the 7️⃣ key points so you don’t need to read the complete document. 🇪🇺 The article discusses the establishment of minimum rules for defining criminal offences and penalties related to the violation of Union restrictive measures. 🇪🇺 It emphasizes the importance of effectively applying these measures to maintain the internal market's integrity and enhance security within the European Union. 🇪🇺 The Directive outlines specific criminal offences, penalties, and mitigating circumstances, emphasizing the respect for fundamental rights and principles. 🇪🇺 Member States are required to ensure procedural rights, implement effective penalties, facilitate asset freezing and confiscation, and share information on circumvention patterns. 🇪🇺 Specific criminal offences and penalties are outlined in the Directive, with provisions for imprisonment and financial penalties based on the value and nature of the violation. 🇪🇺 Member States are required to facilitate freezing and confiscation of assets related to criminal offences under the Directive. 🌍 Cooperation with third countries and monitoring the effectiveness of measures are also highlighted. The Directive came into force upon its publication in the Official Journal of the European Union 24th April 2024. 🇪🇺 (EU) Directive attached.

The DPDP bill - An Act to provide for the processing of digital personal data in a manner that recognises both the right of individuals to protect their personal data and the need to process such personal data for lawful purposes and for matters connected therewith or incidental thereto. I have attached the link below . Take a full glance what It can do . https://lnkd.in/dfNFHSzC

Did you catch our webinar with leading compliance expert Edward Cramp of Duane Morris LLP? He covered important topics about the 2024 regulatory environment including: 📑 Why schools are seeing an increase in BDR claims, and how to respond ⚖️ Top considerations for the latest round of negotiated rulemaking 🇺🇸 How the 2024 election will impact regulations 📝 How to start preparing today Check out the full recording to start preparing for 2024: https://bit.ly/3NixLLo

What’s new in the legislation ACA International is tracking? U.S. senators have reintroduced the Protecting American Consumers from Robocalls Act to amend the TCPA related to telemarketing calls made without consumers’ consent. The intent of the legislation appears to be for telemarketing calls, however ACA is monitoring whether it could cover any call to a consumer that has asked to be placed on the Do-Not-Call list for a specific company. Learn more here and access the link to ACA’s weekly webinar for members to hear legislative updates: https://buff.ly/3Q2itM6

The FTC recently proposed new rules that would require parties reporting transactions under the Hart-Scott-Rodino (HSR) Act to collect and submit much more information than is currently reported in the HSR Form. Please join us for a webinar series as we address the most significant changes to the proposed requirements. https://bit.ly/3ryuRKF First up in the series: “Expanded Document-Production Requirements” 📆 Tuesday, July 18 (9 am ET and 9 am PT) O’Melveny’s Courtney Dyer and Courtney Byrd will discuss how the proposed rule broadens the scope of the transaction-related documents to be submitted with HSR filings along with the new requirement to produce ordinary course strategic plans. 🖊️ Register for the 9 am ET session: https://bit.ly/44HTDGc 🖊️ Register for the 9 am PT session: https://bit.ly/3Q0wzyj #OMMantitrust #hsract