SEC Proposes to Modernize the Advertising and Cash Solicitation Rules for Investment Advisers
SEC proposals and proposed amendments that would modernize the rules addressing investment adviser advertisements.
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Admin
- Oct 30, 2019
- 1 min
SEC Advertising Rule Proposal Announced
SEC Advertising Proposal Announced
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Admin
- Jun 5, 2019
- 3 min
Keep Current with Compliance - 4 Topics for June 2019
Compliance4 is dedicated to helping you build the foundation for a strong compliance program and a culture of compliance.
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Admin
- Dec 18, 2018
- 2 min
How Not to Get Zapped by Electronic Communications
On Friday, December 14, 2018, the Office of Compliance Inspections and Examinations ("OCIE") issued a Risk Alert, which encourages advisers to review their risks, practices, policies and procedures regarding electronic messaging. The alert also urges advisers to consider any improvements to their compliance programs that would help them comply with applicable regulatory requirements. New communications and social channels empower advisers and their employees to send informati
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Admin
- Sep 18, 2018
- 5 min
IA Watch: Exam roundup: Hot Issues OCIE’s Pursuing with Your Peers
Compliance4 president and Chief Compliance Officer, Peter R. Guarino, was quoted in the September 17, 2018 edition of IA Watch, the premier compliance weekly briefing for compliance news, guidance and best practices. Here is the full article: If you manage a mutual fund, get ready. IA Watch has learned that OCIE has launched an initiative probing advisers of registered funds – and asking lots of questions. This is just one of the hot developments currently taking place on exa
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Admin
- Jul 24, 2018
- 5 min
It's Not Over Until It's Over - Liquidity Risk Classification Outreach Continues!
On June 28, 2018, the SEC updated its investment company liquidity risk management program disclosure rules (Release No. IC-33142). The revisions simplify reporting by funds to the SEC and shareholders. We strongly support the SEC’s rule adoption to replace N-PORT’s public disclosure of aggregate liquidity classification information with a narrative disclosure of a fund’s liquidity risk management program in a shareholder report as well as keep fund aggregate liquidity data f
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Admin
- Jul 18, 2018
- 1 min
Compliance4 Podcast - Susan Olson & Tamara Salmon - Top Compliance Trends & SEC Agenda for F
Please welcome ICI's Susan Olson and Tamara Salmon to The Compliance4 Podcast. Susan and Tamara will join us for an hour to talk about the Top Compliance Trends and the SEC Agenda for Funds: What the Mutual Fund and ETF Industry is Watching. To listen, call us at (516) 531-9232 or click for live access or free replays: http://www.blogtalkradio.com/compliance4/2018/07/23/susan-olson-tamara-salmon--top-compliance-trends-sec-agenda-for-funds It’s a dynamic time in the world of
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Admin
- Mar 19, 2018
- 3 min
SEC is Listening to the Mutual Fund Industry and Requests Comments
On Wednesday, March 14, 2018, the Securities and Exchange Commission ("SEC") proposed amendments to Rule 22e-4 and Form N-PORT, which is designed to improve the reporting and disclosure of liquidity information by registered open-end funds. In light of concerns about the usefulness of that information for investor, the amendments essential spare mutual funds from having to tell shareholders how they bucket the liquidity of their holdings and now will allow funds to provide a
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Admin
- Feb 23, 2018
- 2 min
SEC Modifies Certain Liquidity Rule Compliance Dates and Issues New FAQs and Interim Rule
The SEC extended by 6-months certain requirements of Rule 22e-4 (the Liquidity Risk Management Program Rule ("LRMP"), Form N-PORT and Form N-LIQUID. You can read the interim final rule here: https://www.sec.gov/rules/interim/2018/ic-33010.pdf The Securities and Exchange Commission is adopting an interim final rule that revises the compliance date for the requirements of Rule 22e-4 for classification, highly liquid investment minimum ("HLIM"), and board approval, as well as r
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Admin
- Feb 16, 2018
- 2 min
SEC to Hold National Compliance Outreach Seminar
Press Release from: https://www.sec.gov/news/press-release/2018-17 SEC to Hold National Compliance Outreach Seminar for Investment Companies and Investment Advisers (Feb 13) The Securities and Exchange Commission today announced the opening of registration for its compliance outreach program’s national seminar for investment companies and investment advisers. The event is intended to help Chief Compliance Officers (CCOs) and other senior personnel at investment companies and
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Admin
- Feb 16, 2018
- 1 min
SEC - Sunshine Act Meeting Notice - Liquidity Risk Delay Under Consideration
From: SEC.gov https://www.sec.gov/news/openmeetings/2018/ssamtg022118.htm Securities and Exchange Commission Sunshine Act Meeting. TIME AND DATE: Notice is hereby given, pursuant to the provisions of the Government in the Sunshine Act, Pub. L. 94-409, the Securities and Exchange Commission will hold an Open Meeting on Wednesday, February 21, 2018 at 10:00 a.m. PLACE: The meeting will be held in Auditorium LL-002 at the Commission's headquarters, 100 F Street, NE, Washington,
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Admin
- Jan 22, 2018
- 3 min
Compliance4 Podcast - Norm Champ
Please welcome Norm Champ as our first guest on the Compliance4 Podcast, airing February 1, 2018. To listen to the show live, call us at (516) 531-9232 or click on the link below to listen from your device. All free replays are available from the link below. About Norm Champ: Norm Champ is a partner in the New York office of Kirkland & Ellis LLP. Norm is a member of the Investment Funds Group. Previously, Norm was the director of the Division of Investment Management at the
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