News & Analysis as of

Third-Party Service Provider Outsourcing Corporate Governance

Integreon

Strategic Benefits of an Outsourced Administrative Support Model

Integreon on

In the ever-evolving, intensely competitive corporate landscape, the quest for operational efficiency has given rise to a strategic model that’s reshaping the very fabric of business functions — outsourced administrative...more

Sullivan & Worcester

SEC Proposes New Rule Requiring Investment Adviser Oversight of Certain Third Party Service Providers

Sullivan & Worcester on

On October 26, 2022, the Securities and Exchange Commission ("SEC") proposed a new rule under the Investment Advisers Act of 1940 ("Advisers Act") to prohibit registered investment advisers from outsourcing certain services...more

BCLP

Supervision of Vendors When Outsourcing - The Buck Stops with FINRA Member Firms

BCLP on

Key Takeaways: ..On August 13, 2021, FINRA issued Regulatory Notice 21-29 (“RN 21-29”) to remind member firms that they must establish and maintain an adequate supervisory system, including written supervisory procedures...more

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