Written Supervisory Procedures

Thorough Written Supervisory Procedure (WSP) manuals are at the heart of every good compliance program. WSPs can provide your firm and its employees with a road map to navigate the regulatory rules and obligations. Oyster can create WSPs for a new broker-dealer or investment advisor, or assist in reviewing and updating existing documents to match business practices and regulatory changes.  Oyster will:

Continuing Membership
  • Conduct an initial review of WSPs against regulatory requirements and all existing firm Policies and Procedures
  • Interview key staff to determine processes and compare to the WSPs
  • Create a review of processes that may need adjustment
  • Create a draft copy of revised WSPs
  • Vet policies through key personnel and incorporate changes
  • Detail changes to WSPs that could affect other policy manuals
  • Draft firm-appropriate and custom communications of changes

The Oyster Difference

Oyster will not only update your firm’s WSPs, but will also conduct a deep dive into your firm’s practices and procedures. We will make sure your WSPs match actual business practices and provide best practice solutions based on your unique business model.