Wolters Kluwer puts regulatory information online

Source: Wolters Kluwer Financial Services

Wolters Kluwer Financial Services today announced the release of CCH(R) Policies and Procedures Written Supervisory Procedures (WSP) Online, a web-based content management tool that helps both large and small broker-dealers transform the way they assemble and update policies and procedures required by regulators.

With regulatory rules changing all the time, compliance officers are constantly challenged to make sure their firm's policy and procedure manuals reflect the most current regulations. WSP Online eases the burden on compliance officers and helps broker-dealers comply with NASD(R), NYSE(R), MSRB and SEC regulatory rules by tracking, updating and interpreting a wide variety of compliance issues, such as anti-money laundering regulations, supervisory controls and insider trading. Financial institutions can use this information to easily create and customize a manual that works for their firm and is seamlessly delivered to their employees online.

"WSP Online provides a single, comprehensive source for regulatory information, coupled with an unmatched customization process that allows firms to build a policy and procedure program that's tailored to their specific needs," said David Stephens, executive vice president of the Securities and Insurance unit at Wolters Kluwer Financial Services. "It helps ease the burden of monitoring regulatory changes that affect the way broker-dealers conduct business and helps ensure they are continually in compliance with written procedure rules."

WSP Online is created by Wolters Kluwer Financial Services' team of leading compliance experts and legal contributors and offers:
  • Total customization: A powerful Policies and Procedures Wizard guides users through a list of questions in order to gather information about their firm. This firm-specific information can then be integrated with existing content to create a unique manual for each customer.
  • Web-based editing: Drafting, copying, pasting and editing are all done online in a user-friendly word processing format.
  • Search and archive capabilities: Subscribers can quickly locate specific information, and previous document versions are saved for auditing purposes.
  • Various administrative rights: Firms can administer their manuals internally to authorize the level of access given to different employees.

    Broker-dealers can apply all of these features to 33 comprehensive chapters of compliance issues, including communication with the public, mutual funds, and financial operations and procedures, to create compliance guidelines that address complex regulations in a way that is easy to understand.
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