On January 19, 2017, the U.S. Securities and Exchange Commission (“SEC”) announced that it signed a comprehensive Supervisory Cooperation Agreement with the Hong Kong Securities and Futures Commission (“SFC”).
You are invited to attend the latest in a series of interactive investment adviser compliance roundtables. This series is designed to bring compliance officers and others interested in adviser compliance issues in the Chicago metropolitan area together periodically to share information and discuss hot topics.
Last Friday, Marc Wyatt, Director of the U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations, stated that the SEC staff has begun to examine Exempt Reporting Advisers as a part of the agency’s routine examination program. Mr. Wyatt made these remarks while speaking to the American Bar Association’s Hedge Fund Sub-Committee during the association’s Business Law Section Fall Meeting in Washington, D.C.
We are delighted to announce our industry-renown event, Regulatory Horizon, now in its fifth year, is open for registration. As with previous years, the event has been designed to help attendees get an ‘all-in-one-place’ overview of the main UK, European and U.S. regulatory issues now and on the horizon as we move into 2016.
Please join us on Thursday, November 5, 2015, to hear about the latest SEC examination and enforcement approaches and priorities concerning investment managers. Speakers include Paul Levenson, director of the SEC’s Boston Regional Office, and Kevin Kelcourse, SEC associate director for the Office of Compliance Inspections and Examinations in Boston.
In addition, a panel including senior legal and compliance personnel will discuss key compliance topics including expert networks, expense allocation, managing conflicts, and cybersecurity.
This Compliance Workshop will address important topics for SEC-registered investment advisers, including: Regulatory Update, Compensation and Fee Issues, Risk Management, Technology Issues, and Advertising. Speakers will include IAA legal staff and attorneys from nationally recognized law firms. The workshop will include a networking luncheon where attendees can share ideas about other compliance issues.
As an SEC-registered investment adviser or Exempt Reporting Adviser (“ERA”), your firm and your books and records may be is subject to examination by the SEC regardless of whether it is headquartered in London, New York, or elsewhere. Over the past few years, SEC staff have been particularly concerned with certain issues applicable to private equity and private real estate fund managers.