Having a Chief Compliance Officer is a requirement by the SEC for all registered investment advisors. SEC’s Rule 206(4)-7 requires each advisor to designate a CCO to administer its compliance policies and procedures.
In parallel, FINRA mandates that broker-dealers must have a CCO as well. Regulatory Notice 22-10 focuses on the scope of liability for CCOs under its Supervision Rule 3110, noting the role is vital in preventing, detecting, and remediating potential violations of internal policies and procedures.
Many fintech companies are almost always required to appoint a CCO when entering into partnerships with regulated financial institutions, such as banks.
Fulfilling the role of a Chief Compliance Officer is not just a regulatory requirement; it's a strategic advantage for firms navigating the complex compliance landscape. InnReg offers outsourced CCO services designed to integrate with your team, taking responsibility for compliance oversight through a flexible and customizable arrangement.
How It Works
Benefits
Why Use Outsourced CCO Services
A Chief Compliance Officer is positioned to deliver efficiencies and strategic value while being part of the company’s management team. Choosing InnReg for outsourced CCO services offers your firm a multifaceted approach to compliance, characterized by depth of expertise and operational integration.
Get Strategic Compliance Insights
Our CCOs bring decades of experience across fintech and financial services, offering strategic insights that can shape your business's compliance framework.
Leverage Comprehensive Support
Unlike traditional single-point CCO services, InnReg provides a complete suite of compliance and operational solutions, including a project team to support the CCO, alleviating the need for additional compliance hires.
Achieve Efficiency and Cost-Effectiveness
Outsourcing your CCO role can significantly reduce overhead expenses associated with full-time executive positions, offering savings of 30% to 50%.
Implement Quickly
With a focus on quick ramp-up times, we aim for a quick integration of our CCO services within one week, reducing disruption to your operations.
Proactively Manage Compliance
Our approach focuses on proactive management of your compliance program, from policy development to day-to-day operations and regulatory interactions.
What sets InnReg’s Outsourced CCO services apart?
How do you match a CCO to our specific needs?
What are the key characteristics of an effective CCO?
Can outsourcing a CCO role truly be cost-effective?
Talk to our experts and discover how we can enhance your compliance strategy with our outsourced CCO services today.
