Compliance Considerations in Custody
Custody remains one of the most complex subjects for investment advisers. From brand-new start-ups to well established industry leaders, it seems that everyone still has questions about applying custody rules and guidance to their own situations. One thing is certain – you need procedures to ensure the question of custody is never addressed on an ad hoc basis. In this session we will explore the various ways in which a firm may have custody (including first- and third-party transfers) and discuss how firms have designed their procedures to address “accidental custody.”
After attending this session, attendees should be able to:
- Pinpoint when and how you may be deemed to have custody
- Address issues that have arisen since the SEC’s most recent guidance was adopted in 2017
- Prevent and detect instances of “accidental custody”
This course is being taught as part of the Fall 2021 In-Person Compliance Conference. To learn more, visit our main conference webpage.
For Whom: Designed to increase the professional competence of Investment Advisers.
Suggested Skill Level: Intermediate
Maximum Recommended Credit Hours for this session will include CLE, IACCP® and CPE .
CA MCLE = 75 minutes
IACCP® = 75 minutes
CPE = 75 minutes