National Regulatory Services Releases Policy Architect Module for NRS ComplianceGuardian

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-- New module allows investment advisers and broker-dealers to keep pace with ever-changing compliance obligations -- Automatically updates policy manuals with the most current regulations

...the risks of non-compliance are real, many firms simply do not have the bandwidth or manpower to revise manuals with the regularity required. Policy Architect eases this burden by updating and maintaining policy and procedure manuals to protect firm...

National Regulatory Services (NRS), part of BankersAccuity, today announced the release of the Policy Architect Module, a new component of NRS’s ComplianceGuardian™ solution. Policy Architect enables investment advisers and broker-dealers to remain compliant with ongoing regulatory changes by uploading a firm’s current manuals into ComplianceGuardian and accessing NRS regulatory updates. The module houses these manuals and provides a distribution vehicle to employees, obtains attestations and maintains an audit trail for recordkeeping.

Continual regulatory change means that advisers and broker-dealers must continuously update manuals to avoid the risks of non-compliance. Firms are faced with managing and updating multiple manuals ranging from policies and procedures to operations to human resources. ComplianceGuardian’s Policy Architect centrally houses all firm manuals in a secure location and creates permission settings to ensure specific individuals and groups have access to those that are appropriate and applicable.

“Keeping manuals up to date is a challenge for advisers and broker-dealers and few fully understand the potential impacts even a small regulatory change can have on an enterprise,” states John Gebauer, Managing Director of NRS. “While the risks of non-compliance are real, many firms simply do not have the bandwidth or manpower to revise manuals with the regularity required. Policy Architect eases this burden by updating and maintaining policy and procedure manuals to protect firms from regulatory risk.”

The Policy Architect Module is a new modular component that fully integrates with existing ComplianceGuardian applications to offer an online solution that delivers a flexible and secure, user-friendly framework for firm-wide compliance. Features and benefits of the new module include:

  •     Quarterly updates from NRS compliance experts to maintain existing policies and procedures manuals
  •     Version control which fulfills recordkeeping requirements by issuing a date and time stamp to each new version of a manual
  •     A customizable, integrated email tool that allows firms to notify users of manual changes and attestation requirements
  •     Single sign-on to view multiple firm manuals (personnel, compliance, trading, etc.)

NRS ComplianceGuardian offers investment advisers, broker-dealers and private fund firms best-in-class compliance services, tools, education and consulting in a single online solution. This solution provides a simple, user-friendly Web interface and employs a permission-based user model that matches each firm’s supervisory structure to ensure compliance.

For more information on the Policy Architect Module, please visit http://www.nrs-inc.com/PolicyArchitect.

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About NRS

National Regulatory Services (NRS) is the nation’s leader in compliance and registration products and services for investment advisers, broker-dealers, hedge funds, investment companies and insurance institutions. NRS has the practical expertise, proven capability and unparalleled reach to deliver integrated and effective compliance solutions to a wide range of users within the financial services industry. NRS delivers these solutions through three interrelated offerings – comprehensive education, best-in-class technology and expert consulting services – enabling our clients to meet their regulatory requirements and minimize risk. NRS is part of BankersAccuity, the global standard for payment efficiency and compliance solutions.

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