Pesa Performance

Introducing Chuck, an AI-powered regulatory compliance chatbot. Chuck acts as a copilot, allowing Chief Compliance Officers (CCOs) working in the investment advisory domain to focus on the most critical aspects of their work—compliance strategy, advice, and judgment—fundamentally changing how they spend their time. Chuck can generate insights and recommendations, enabling CCOs to deliver faster, more innovative, and more cost-effective compliance solutions. Integrating Chuck into ordinary course workflows frees time, allowing CCOs to focus on more valuable tasks. Chuck’s capabilities are focused on ensuring compliance with applicable laws, rules, and regulations and offering strategic compliance advice. Chuck uses natural language processing to automate and enhance various aspects of compliance work, including: • Regulatory Guidance: Chuck can interpret and explain rules and regulations promulgated under the Investment Advisers Act of 1940 and the regulation of registered investment advisers. • Compliance Strategies: Chuck offers suggestions for compliance strategies, policies, and procedures based on best practices and regulatory expectations. • Documentation Review: Chuck assists in reviewing compliance documents, policies, and disclosures to ensure they meet regulatory standards. • Risk Assessment: Chuck supports identifying, assessing, and managing compliance risks associated with investment advisory operations. • Training Support: Chuck provides content for training programs on compliance topics for investment adviser staff. • Regulatory Updates: Chuck informs CCOs of new and upcoming regulations, enforcement actions, and compliance trends. Chuck is in early development and is currently considered an MVP (minimum viable product). Please expect mistakes and inaccuracies. Hence, your feedback is invaluable, so please reach out if you have thoughts about Chuck! In the future, Chuck’s development will focus on improving its legal and compliance reasoning and training proprietary versions tailored to specific firms and particular use cases. This will enable compliance solutions in a range of areas across a broad set of financial services compliance advisory needs. Chuck is “built” using GPT technology on OpenAI’s ChatGPT platform and relies on OpenAI’s underlying models for its reasoning capabilities. Considering the anticipated release of GPT-5 in mid-2024, Chuck’s users should expect capabilities such as performing tasks autonomously, like designing and carrying out forensic tests and drafting reports and risk assessments based on test results independent of user input. Chuck does not replace compliance professionals or substitute for professional legal services. Its output needs careful review by a legal or compliance professional and should not be relied upon to make a final decision. When using Chuck, keep OpenAI’s privacy policy in mind. https://lnkd.in/ggTkvU_b