CMS Requirements for Financial Services Compliance
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TL;DR
Financial services CMS compliance requirements are driven by regulations like SEC, FINRA, FCA, and MiFID II. Key requirements include mandatory compliance review workflows before publishing, immutable audit logs of all content changes, content archiving for regulatory examination with 7-year retention in the US, role-based access control, version history, and the ability to quickly remove or update content when regulations change. All marketing content must go through compliance officer approval before going live.
Key Takeaways
- All marketing and product content must pass through compliance officer approval before publishing
- FINRA Rule 4511 requires broker-dealers to retain content records for 6 years; SEC rules require up to 7 years
- Immutable audit trails must log who changed what content, when, and preserve previous versions
- Rapid content removal capability is essential when regulations change or errors are discovered
- Rate and fee disclosures must be version-controlled and consistently displayed across all pages