Investment Adviser

Chairman Clayton States the SEC will Continue to Focus on Hedge Fund Compliance

On November 29, 2017, HFM Week reported that at the MFA Outlook event held in New York City, U.S. Securities and Exchange Commission ("SEC") Chairman Jay Clayton confirmed that the agency will continue to focus on hedge fund managers and their compliance policies and procedures. Chairman Clayton’s statement appears to be in line with other agency communications and reports we have seen this year.

Compliance Corner Q4-2017: Regulatory Filings and Other Considerations That Hedge Fund Managers Should Note in the Coming Quarter

While the fourth quarter is often the busiest one for regulatory filings and fulfilling other compliance obligations, hedge fund managers should ensure that their compliance programs finish the year on a strong note and that key compliance processes are not neglected.

The Growing Need for Automation and Technology in Private Equity

The following article was featured in the September 2017 edition of Financier Worldwide. It was written by ACA's Jami Jack and Ken Harman.

It is hardly surprising that European technology investment has grown tremendously over the past few years, given the fresh wave of innovative start-ups coming on the scene each month. As a consequence, Europe is now home to a host of mature yet fast-growing technology businesses, such as Auto1, blablacar, Klarna, iZettle and SumUp. 

Technology for your Compliance and Marketing Teams - Demonstration of ComplianceAlpha's Marketing Review Solution

Managing the marketing review process can be a time-consuming and labor-intensive task. Many marketing reviews are conducted over email with no true audit trail or record of the approval process. At the 2017 PEI Private Fund Forum in New York City, 83% of the attendees polled at the event noted that they are either exploring workflow tools to support the marketing review process or haven’t assessed tools yet.

Less than 100 days until MiFID II – Are you ready?

The MiFID II deadline is fast approaching and many firms are in the midst of implementing the proper operational and regulatory changes necessary to comply with the new European directive. How do you know your implementation is in-line with your peers and you have the balance right between commercial expectations and compliance with the directive? Have you independently tested what you’ve done to ensure you’ve covered every last detail?

Line of Defense Model: Impact on Compliance Programs

A thoughtful approach to risk management has been the expectation of financial services industry regulators, including the SEC, for quite some time. In 2014, the Office of the Comptroller of the Currency (“OCC”) adopted guidelines applicable to certain banks which established standards for a risk governance framework commonly referred to as the “lines of defense” model. The line of defense risk management model has been implemented by those banks and bank affiliates to which the OCC guidelines apply.

Amendments to Form ADV

Please join speakers David B. Berg and Erika C. Chua of ACA Compliance Group and Elizabeth K. Sipes of Bryan Cave on October 10, 2017 at 11 a.m. ET for a live webcast to discuss the recent changes to the Form ADV as well as other technical amendments that were enacted along with the updates to the Form ADV.