Firms that claim compliance with the GIPS® standards are required to notify CFA Institute of their claim of compliance. Each firm must submit the GIPS Compliance Form annually by June 30. Any data included in this form must be as of the prior December 31. Firms completing the form currently must include data as of […]
Firm Notification Requirement – 2018 Form Now Available Read More »
ACA ‘s Spring 2018 Compliance and Performance Conference, happening from May 9 to 11 at The Ritz-Carlton Amelia Island in Amelia Island, Florida, will feature educational sessions that are designed to keep you up-to-date on industry news, trends, and hot topics. Today ‘s conference spotlight highlights the session Using Compliance Technology and Consolidating Data Sets
ACA ‘s Spring Conference — Session Spotlight: Compliance Technology Trends Read More »
Compliance professionals have had a busy year so far, but the tasks and testing will continue to increase. From preparing and filing the new Form ADV to assessing new regulations such as GDPR, compliance teams are feeling the strain of managing their day-to-day tasks as well as the stress of conducting periodic testing. As the
So You Survived Year-End Compliance Testing — But are You Ready for What ‘s Next? Read More »
Since the U.S. Securities and Exchange Commission ‘s (“SEC”) 2014 implementation of its National Exam Analytics Tool (“NEAT”), the SEC has increased the type and amount of data it requires from registered investment advisers as part of the SEC ‘s exam program.& Specifically, ACA has observed a substantial increase in the type of trading and
Since the U.S. Securities and Exchange Commission’s (“SEC”) 2014 implementation of its National Exam Analytics Tool (“NEAT”), the SEC has increased the type and amount of data it requires from registered investment advisers as part of the SEC’s exam program. Specifically, ACA has observed a substantial increase in the type of trading and position data
Over the past several years, the SEC, through examinations and enforcement actions, has made it clear that it expects registered investment advisers to undertake meaningful due diligence of their service providers. In 2010 and 2011, a significant portion of advisers’ third-party due diligence efforts focused on reviewing expert network firms’ policies and procedures, as well
On February 12, 2018, the U.S. Securities and Exchange Commission (“SEC”) released its Fiscal Year 2019 Congressional Budget Justification and Annual Performance Plan, combined with its Fiscal Year 2017 Annual Performance Report. In reading through the budget request and the annual performance report, we have noted the following: Hiring freeze would be lifted and 100
Takeaways from the SEC ‘s 2019 Fiscal Year Budget Request Read More »
The deadline for meeting the General Data Protection Regulation (GDPR) is on its way. But many non-EU investment management firms may not realize the extent to which they will be affected by this extensive new regulation quickly enough to meet the 25 May implementation date. All firms will need to comply with the new EU
Non-EU Firms and GDPR: Time to Face Up to Compliance Read More »
The decision to pursue GIPS® compliance and verification is not always a simple choice. There are many moving parts within a firm’s compliance framework, and thus there are a number of important considerations that must be made before a firm can attain compliance with the GIPS standards. No two firms will have the same experience
Why Claim GIPS Compliance? Read More »
On May 25, the European Union’s General Data Protection Regulation (GDPR) goes into effect. GDPR poses significant challenges for private equity firms and their portfolio companies that process personal data belonging to EU residents, including severe non-compliance penalties of up to 4% of a firm’s global revenues. Many firms have already taken steps to meet
90 Days to Comply with GDPR: An 8-Step Game Plan Read More »
