Illuminating effective and efficient compliance solutions for Municipal Advisors of all sizes.
Evaluating your business goals, and building a customized compliance solution to get you there.
Municipal Advisor Compliance
Outsourced Compliance Program Services
Looking for outsourced Chief Compliance Officer Services? Consider outsourcing support for the entire Compliance Department.
Whether you are a municipal bond underwriter who is interested in how to avoid being deemed a municipal advisor or if you are a municipal advisor interested in how to comply with the various requirements of municipal advisor regulation, Halyard Compliance can illuminate effective and efficient solutions and provide the compliance support services to meet your Municipal Advisor Compliance needs.
Municipal Advisor Registration
SEC and MSRB Municipal Advisors
Halyard Compliance provides MSRB and SEC Municipal Advisor registration services. Our MA registration services are designed to set your compliance program up for success and typically includes the initial supervisory policies and procedures, compliance manual and other tools and resources you will need upon registration. We also assist with SEC EDGAR form filings as well as MSRB municipal advisor registration tasks.
Municipal Advisor Compliance Consulting
Our Municipal Advisor Compliance Consultants are armed with solutions designed to address the supervisory system and compliance program requirements for municipal advisors of all sizes, which may include:
Outsourced Compliance Department Services
Written Supervisory Procedure and Compliance Manual (WSP) Construction and Maintenance
Supervisory System Reviews and Guidance
Annual Compliance Program Reviews
SEC and MSRB Municipal Advisor Registration
Regulatory Form Filings (e.g., Form MA, MA-I, A-12, etc.)
Marketing and Advertising Material Reviews
MA Continuing Education Program – CE Needs Analysis and Training Plan
Political Contribution and G-37 Filing Services
Ongoing Compliance Consulting Services (e.g., G-42, G-17, G-20, etc.)
SEC Regulatory Audit Support Services
And much more…
Awareness is the first step towards compliance.
The Dodd-Frank Act includes a provision requiring the Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB) for the first time to regulate non-dealer “municipal advisors”. In order to mitigate and manage the regulatory risks, fiduciary duty and compliance requirements under the municipal advisor rules, it is important to understand the circumstances that could cause an individual or entity to be deemed a municipal advisor.
Contact us today to discuss the various support services we provide municipal bond underwriters and municipal advisors.
“Section 15B of the Securities Exchange Act defines the term “municipal advisor” to mean a person that (i) provides advice to or on behalf of a municipal entity or obligated person with respect to municipal financial products or the issuance of municipal securities, including advice with respect to the structure, timing, terms, and other similar matters concerning such financial products or issues, or (ii) undertakes a solicitation of a municipal entity. The definition includes financial advisors, guaranteed investment contract brokers, third-party marketers, placement agents, solicitors, finders, and swap advisors that engage in municipal advisory activities.”
– FINRA.org