RegEd Continues Expansion of Audit Management Capabilities in Support of FINRA's Remote Inspections Pilot Program

New enhancements empower firms to streamline branch inspections, improve oversight, and ensure compliance-whether they participate in the pilot program or not.

Raleigh, NC, Jan. 31, 2025 (GLOBE NEWSWIRE) — RegEd, the leading provider of RegTech enterprise solutions, has announced significant enhancements to its Audit Management solution to support the requirements of FINRA's Remote Inspections Pilot Program, which began July 1, 2024. These enhancements enable firms to efficiently plan, track, and manage inspections-whether they opt into the pilot program or continue with traditional onsite inspections-while ensuring compliance with FINRA Rule 3110.18.

FINRA's three-year Remote Inspections Pilot Program allows eligible firms to conduct branch office inspections remotely instead of through mandatory onsite visits, under specific conditions. Since the launch of the program in 2024, firms participating in the initiative have benefited from RegEd's Audit Management solution, including Pilot Program enhancements, which has helped them efficiently conduct remote inspections while meeting compliance requirements. And as the industry's only fit-for-purpose solution designed to meet the program's requirements, RegEd will continue to ensure a seamless and effective approach to both remote and onsite inspections in 2025 and beyond.

AdvancedCapabilities to Meet Dynamic Industry Requirements

With these enhancements, RegEd's Audit Management solution enables firms to:

• Designate, track, and manage remote vs. onsite inspections. Firms can categorize and organize inspections based on their approach while ensuring clear tracking and reporting.

• Identify, remediate, and report on Significant Findings. Firms can define and track significant findings, ease the process of follow-up and management oversight, and ensure proper documentation.

• Enhance reporting flexibility. New features allow firms to meet quarterly regulatory reporting requirements under 3110.18, including tracking the number of onsite vs. remote inspections, findings, significant findings, and categories of significant findings.

• Leverage prior audit risk scoring for future risk assessments. Audit risk scores, past