Friday, 25 July 2014
Last updated 2 min ago
Oct 12 2012 | 12:00pm ET
The Securities and Exchange Commission has given the hedge funds newly under its ambit an idea of what that means.
The regulator told thousands of newly-registered private investment advisers, including hedge and private equity funds, that it had created a new "presence exam" for them. The exams will involve "engaging directly with firms' senior management."
The SEC is planning risk-based exams over the next two years, and will hold meetings and seminars with chief compliance officers. The tests will have three phases, engagement, examination and reporting. They are expected to deal with conflicts of interest, marketing, portfolio management, the safety of client assets and valuation.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…