Establishing and Maintaining an Effective Investment Advisory Compliance Program for Newly Registered Investment Advisers
Congratulations! You are a newly registered investment adviser. The office is organized. The staff is eager. Clients are knocking on your door. Is your compliance program completely in place?
Compliance professionals must be ever mindful of the ongoing mandates embodied in Rule 206(4)-7 under the Investment Advisers Act and Rule 38a-1 under the Investment Company Act to maintain, review, test and modify written compliance policies and procedures that are reasonably designed to detect violations and weaknesses in internal controls and compliance systems. Commonly referred to as the “Compliance Programs Rules,” these rules specifically require that advisers and funds implement and maintain policies and procedures designed to detect, prevent and correct compliance problems in key areas of their operations and to conduct an at least annual review to gauge their effectiveness.
This seminar will identify essential components of a strong compliance program and walk you through the steps to create and maintain a program that will withstand regulatory scrutiny. Whether your firm is registered with the state or the SEC, the panel of compliance experts who have worked with hundreds of firms will share their expertise and offer best practice for the newly registered investment advisory firm. This seminar is a useful “compliance health check-up” for those not-so-new advisory firms, too.
After attending this course, attendees should be able to:
- Use the Advisers Act’s Compliance Programs Rules 206(4)-7 and rule release to identify compliance program requirements
- Use the framework of the Advisers Act to prioritize work flow and assign tasks for establishing effective policies, procedures and internal controls, and for minimizing risk and fines
- Pinpoint the SEC areas of concern that should drive required written compliance policies and procedures
- Examine the use of checklists, timetables, SEC Document Requests Lists, exception reports and staff interviews to implement a strong compliance program
- Identify resources to help compliance professionals remain current on regulatory activities that affect the firm’s evolving compliance program.
For whom: Designed to increase the professional competence of investment adviser compliance professionals with legal, compliance, operations, technology, administrative and management responsibilities.
Suggested Skill Level: Basic
Instructional Method: Group Internet-Based
Pre-requisites for participation: No prerequisites are required.
Advance Preparation: None
Continuing Education Credits:
NRS Continuing Education Guide
Maximum Recommended CPE Credit: 2 in the Regulatory Ethics field of study
Maximum Recommended IACCP CE Credit: 2
Maximum Recommended CA MCLE Credit: 2
Maximum Recommended CFP Credit: Pending