Investment Adviser Compliance and Reporting: Latest Developments and OCIE Exam Hot Buttons
Navigating Form ADV Amendments and Preparing for OCIE Examination Priorities, Including New Scrutiny on ERAs
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will discuss the latest developments in Investment Adviser Compliance and Reporting. The program will cover upcoming 2016 Form ADV Filings and the SEC’s proposed rules to expand ADV reporting responsibilities. The program will also cover OCIE examination priorities, including its new and unprecedented intent to include Exempt Reporting Advisers (ERAs) in its compliance exams.
Outline
- Annual compliance reviews
- Current OCIE hot buttons for RIAs and ERAs
- Conflicts - valuation, allocation of portfolio transactions and expenses
- Recent SEC enforcement cases
- New OCIE examination initiative for Exempt Investment Advisers
- Outsourcing compliance responsibilities
- Cybersecurity compliance and controls
- Form ADV Amendments for 2016
- SEC’s proposed rules to expand information reported on Form ADV, including additional reporting requirements with respect to Separately Managed Accounts and codification of filing adviser/relying adviser regime
Benefits
The panel will review these and other key issues:
- What are the key elements of the SEC’s proposed rules expanding ADV reporting and what steps should investment advisers take now in anticipation of final rules in 2016?
- What observations has OCIE staff made regarding exams conducted pursuant to its Outsourced CCO Initiative?
- Where is the SEC expected to focus its inspection of registered investment advisers and exempt reporting advisers?
Faculty
Cary J. Meer
Partner
K&L Gates
Ms. Meer structures private funds as limited liability companies, limited partnerships, offshore corporations, common... | Read More
Ms. Meer structures private funds as limited liability companies, limited partnerships, offshore corporations, common trust funds and business trusts, and prepares disclosure documents and organizational documents for such entities. She also advises investment advisers, private fund managers and investment companies on compliance issues, including under the Investment Advisers Act of 1940 and whether their commodity interest-related trading or advice would require them to register as commodity pool operators or commodity trading advisors.
CloseBeth Clark
Of Counsel
K&L Gates
Ms. Clark concentrates her practice in the investment management and securities areas where she advises... | Read More
Ms. Clark concentrates her practice in the investment management and securities areas where she advises participants in the financial services industry. In particular, she focuses on creating and counseling U.S. and non-U.S. private funds, including hedge funds, private equity funds and venture capital funds. She structures U.S. funds as limited liability companies, limited partnership and trusts and establishes “offshore” funds. She prepares and negotiates the necessary documentation associated with private securities offerings, including disclosure and organizational documents, service provider agreements and filings and registrations. She advises as to obligations under federal securities laws, state laws and rules, and self-regulatory organization rules.
CloseAlan K. Halfenger
Partner
ACA Compliance Group
Mr. Halfenger has over 20 years of global compliance experience. Prior to joining his current firm he served as... | Read More
Mr. Halfenger has over 20 years of global compliance experience. Prior to joining his current firm he served as Global Chief Compliance Officer at Bain Capital in Boston. Previously, he held roles as a senior compliance officer and counsel at prominent hedge fund managers, private banks, and brokerage and investment banking firms.
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