As part of ACA, our in-house regulatory and performance experience is leveraged to help your firm understand the broader picture of compliance. We draw from our experience and regulatory insight to help your firm understand industry best practices and the range of compliance issues that your peers face today.
ACA’s Spring 2021 Virtual Conference was an opportunity for the regulatory compliance, performance, and cybersecurity community to come together and discuss the many changes of the past year and what the future of GRC looks like moving forward.
On July 15, 2021, FINRA issued Regulatory Notice 21-26 to announce new amendments to Rules 5122 and 5123. Under the revisions, broker-dealers must file retail communications that promote or recommend private placement offerings subject to the rules’ filing requirements as of October 1, 2021.
ACA is continuing to see Outsourced Chief Investment Officer (“OCIO”) firms claim compliance with the Global Investment Performance Standards (GIPS®). Today, 38% of the top 50 OCIO firms by AUM claim compliance1. That is an 8% increase from 2020 to 2021 and the percentage is expected to grow by at least 10% from 2021 to 2022. In this article we look at the two main drivers behind OCIO firms ramping up quickly to claim compliance with GIPS.
In this guide we talk about changes and how firms can prepare to present performance in line with the new rule and actions they can take now in preparation for the final compliance date set for November 4, 2022.
Following the release of the CFA Institute's Exposure Draft of ESG Disclosure Standards for Investment Products, we outline what the standards include, the related timelines, and what these changes mean for firms.
On June 3, 2021, the U.S. Securities and Exchange Commission (SEC) instituted a cease-and-desist order against a previously registered investment adviser for alleged violations.
The case for private markets to adopt the Global Investment Performance Standards (GIPS®).
How is performance impacted when a firm is acquired, a portfolio management team leaves, or when the firm’s legal structure changes?
ACA and Curcio Webb conducted an industry survey in August 2020 focusing on the value of GIPS compliance among OCIOs. The results show a growing interest in compliance with the 2020 GIPS standards.
In the current real estate investment environment, many firms want to understand the core components of the GIPS standards before committing the resources needed to attain compliance. Firms that already claim compliance seek to mitigate the risk of becoming non-compliant. This paper provides useful information for both objectives.
As more assets have been allocated to alternative investments, and as regulatory scrutiny has dramatically increased, hedge fund managers are increasingly embracing the GIPS standards.
As adoption of the GIPS standards has grown over the years, ACA has seen compliance personnel take a much deeper interest in ensuring their firms meet every requirement.
New York State Insurance Fund released an RFP last week seeking managers for up to $1 billion to be distributed across high yield corporate bonds, bank loans, CLOs, or some combination of all three asset classes.
As a result of increased transparency and due diligence on the part of asset owners, there is growing interest in attaining GIPS compliance among the asset owner community.
The most common question we receive from our GIPS standards verification clients is “What do other firms do?” As a result of being asked this question many times, we gathered information from over 800 firms we verify in order to provide answers to commonly asked questions that are based on real data versus anecdotal information.
Firms of all sizes frequently ask about the relevance and importance of forming a GIPS Committee within their organization.
Composites are the cornerstone of a firm’s claim of compliance with the GIPS standards. With the right steps, the right tools, and the right level of commitment, composite management can become part of everyday operating procedures.
As the GIPS standards gain more acceptance and international adoption, and with CFA Institute’s expected release of the 2020 GIPS standards for public comment, there are persistent questions about the current state of GIPS compliance.
Join ACA and K&L Gates for a detailed explanation of the specific performance requirements, how they differ from prior no-action letters, and what steps a firm should take now in order to be ready by the deadline.
Join ACA for a complimentary webcast in which we'll provide answers to the most frequently asked questions we've received in response to the new marketing rule and its implications.
Join ACA as we highlight what you need to do to be ready for the 2020 GIPS standards, including some of the common challenges of implementing the standards and practical solutions to overcome those challenges.