FINRA launched an initiative (the "Digital Experience Transformation") to improve compliance reporting and management by "simplifying" broker-dealers' online interactions with FINRA.
The initiative, which is to be implemented in several stages, would:
- centralize task management for compliance professionals;
- provide early notification to firms for any potential compliance issues;
- customize the platform to the user's role;
- create a consolidated workspace to facilitate communication with FINRA staff;
- enhance machine-to-machine integration with firm systems; and
- provide access to an online database and support.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
