SIFMA’s Compliance and Regulatory Policy Committee (formerly known as the Self-Regulation and Supervisory Practices Committee) monitors and comments on regulatory and legislative proposals impacting compliance and supervisory systems.
Monitor, develop positions and actively consider and advocate on any regulatory and legislative proposal impacting member firm Compliance Departments. Core issues that the CRPC addresses include supervision, sales practices, communication with the public, registration and licensing of personnel and reporting to and interacting with regulators (collectively, “Core CRPC Issues”). The CRPC’s mandate focuses on Financial Industry Regulatory Authority (FINRA) related initiatives that impact the Core CRPC Issues. The CRPC also, however, considers initiatives undertaken by other organizations that touch upon the Core CRPC Issues, including proposals from the U.S. Securities and Exchange Commission (SEC), other U.S. federal (CFTC) and state regulatory agencies, international organizations (IOSCO), other self-regulatory agencies (NYSE, CBOE, NFA), non- U.S. regulatory agencies (European Union, U.K. Financial Conduct Authority), and U.S. and non-U.S. legislative initiatives. The CRPC also, in partnership with the SIFMA Compliance & Legal Society, develops positions on and actively advocates regarding the role of Compliance within member firm organizations, including meetings with regulators, thought leadership and advocacy documents.