subject: Various Bd Compliance Services [print this page] BD compliance or broker/dealer compliance helps to supervise the adherence of broker/dealer with the regulatory standards.
A broker dealer is a term which either stands for an individual or an organization who trade securities either for its own account or for its customers. When executing the trade on behalf of the customers it is called a broker and when it is done for individual purpose then it is called a dealer.
There are various regulations that the broker/ dealer have to meet with. The adherence with these regulations is extremely crucial. The broker-dealer provides you with a number of services .There are various standards that they are required to meet with when they provide these services.
The following are some of the BD compliance services:
Registration, Licensing and Electronic fillings: There are various requirements of the regulatory authority that the BD compliance consultant can guide you with. THE Central Registration Depository (CRD) lays down various requirements which the individual or the organization have to deal with. The consultant can guide you with the examination scheduling, fingerprints cards and other requirements of the CRD.
Written policies and procedures: The BD compliance consultant can help you in the preparation, amendment and customizing various documents, manuals. They can also guide you in the adherence of various policies and procedures. These include the written supervisory procedure, business continuity plan and so on.
Communicating with regulators: It is vital to keep the regulators updated about the various developments. The task of communicating with them can be carried out by the consultant. They have the expertise to handle the problems if any arises. As they are aware of the intricacies they can deal effectively with the regulators. Any inquiries made from the regulators can also be handled by these professionals. A good consultant will ensure that the response to the inquiry is sufficient.
Disclosures and attestations: Disclosures and attestations forms are given either to the individual or the organization in order to notify that the employees or the individual is subject to private securities transactions, outside business activities, outside brokerage accounts etc.
You can get in touch with BD compliance consultant if you have been looking for these services. It becomes an added responsibility to zero upon the right consultant who can provide you with good quality of services. If you are looking for a consultant then surely internet is a good source where you can come across various firms who offer consultation services. You can get in touch with such firms for your requirement.
