How to Build an Effective and Practical Compliance Program
This workshop is a “must” for all new CCOs and other compliance professionals that are responsible for creating and implementing their firm’s compliance program. It is designed to be an interactive session that provides a step-by-step discussion of the various factors that you should take into consideration in order to develop an effective and practical compliance program, given your firm’s complexities and resources. The workshop will cover:
- Risk Identification
- Developing Policies and Procedures to Mitigate Risk
- Monitoring and Reporting
- Delegation of Compliance Responsibilities
- Management Oversight Functions
- Annual Review and Testing of Compliance Program
- Staying Current on Regulatory Rules and Laws
Peer Groups
Participate in free flow discussions on the topic of your choice. Here is your chance to ask your questions. Hear what your peers have done in similar situations. Each peer group will be moderated by an expert leader in the industry.
- Compliance Training for Your Staff
- Testing Your Compliance Program
Regulatory Updates and Compliance Hot Topics
- Update on Provisions Under Dodd Frank Act
- Private Fund Adviser Registration Rules
- SEC Registration Exemptions
- Amendments to Form ADV
- Venture Capital Firms and Family Offices Defined
- Form PF
- SEC Whistleblower Program
Identification and Disclosure of Conflicts of Interest
- Identification and Assessment of Conflicts of Interest
- Form ADV and Other Disclosure Documents
- Key Areas in an Advisory Business Where Conflicts Often Exist
- Conflicts with Affiliated Entities
- Sanctions for Failure to Adequately Disclose Conflicts of Interest
CCO Liability
- SEC Expectations of a CCO
- Personal Liability
- CCO Responsibilities Under Rule 206(4)-7
- Delegation and Oversight Functions
Political Contributions
- Investment Adviser Act Rule 206(4)-5
- 2-year Ban on Advisory Services for Compensation
- De Minimis Contribution Amounts
- Who is a “Covered Associate”?
- Required Books and Records Related to Political Contributions
- Look-Back Periods
Forensic Accounting in Compliance
- Reviewing financial statements for potential compliance issues
- Identify unusual accounting entries
- How to “follow-the-money”
- What the SEC looks for when reviewing financial statements
Form PF
- Information to be Reported on Form PF
- Large Private Fund Adviser vs. Small Private Fund Adviser
- Definition of “Systematic Risk”
- What is a “Private Fund”?
- Frequency of Reporting
- Confidentiality of Reporting
Peer Groups
What compliance problems are keeping you up at night? Meet with your peers in an informal and intimate format. Participate in free-flow discussions where you set the agenda. Hear how other advisers and managers are handling compliance issues that you currently face. Each peer group will be moderated by an expert leader in the industry.
- Traditional/SMA Advisers
- Hedge Fund Managers
- Private Equity Managers
Code of Ethics & Insider Trading
- Employee Personal Securities Trading
- Gifts & Entertainment
- Outside Business Activities
- Charitable Contributions
- Prohibition on Trading on Material Non-Public Information
Integration of Technology and Compliance
- Front and Back-End Portfolio Management and Trading Compliance Systems
- Personal Trading Monitoring Systems
- Exception Reporting
- Automated Employee Compliance Training and Certifications
Utilization of Social Media By Investment Advisers
- How Advertising Rules Apply to Social Media
- Related Compliance Issues
- Books & Records Requirements
- Tips to Monitor Use of Social Media
Regulation of International Advisers
- Foreign Private Advisers Exemption Under Dodd Frank Act
- Relevant SEC No-Action Letters (e.g. Unibanco, Royal Bank of Canada)
- Exempt Reporting Advisers
- SEC Jurisdiction Over Foreign Advisers
- Impact of AIFM Directive to U.S. advisers
Trends and Updates to the SEC Inspection Program
- SEC National Exam Program
- Recent SEC sweeps
- Cause and TCR (Tips, Complaints and Referral) Exams
- SEC’s Office of Compliance Inspections and Examinations Staff Update
- Do Routine Exams Still Exist?
- Are Foreign Advisers Subject to SEC Examinations?
- Outside Business Activities
- Charitable Contributions
- Prohibition on Trading on Material Non-Public Information
Fall 2011 Compliance Conference
Agenda at a Glance
Monday, September 12
Click on the session name in order to see panel’s description
12:00pm - 1:00pm |
Pre-Registration |
1:00pm - 2:15pm |
How to Build an Effective and Practical Compliance Program
Dodd Frank Act Initiatives: The Effect on Advisers
- SEC registration for advisers
- Change to “assets under management” threshold: Do you belong to the states or SEC?
- New “Accredited Investor” standard
- New reporting and disclosure requirements for advisers
|
2:15pm - 2:30pm |
Networking Break |
2:30pm - 3:45pm |
How to Build an Effective and Practical Compliance Program |
3:45pm - 4:00pm |
Networking Break |
4:00pm - 5:00pm |
Peer Group - Compliance Training for your Staff
Peer Groups: SEC Registration Issues for Private Fund Managers/Private Equity Managers
Are you a private fund or private equity manager that is registering in the upcoming months? If so, do you have questions that have been plaguing you regarding the registering process? Are you wondering how your fellow-advisers are handling particular issues? Then join us in a free-flow discussion group covering topics set by you and your peers such as:
- Factors to consider in developing a meaningful compliance program for a private fund or private equity shop
- Selecting the right person to be CCO
- Compliance training for your employees
- Types of disclosures to consider including in your Form ADV
|
Peer Group - Testing Your Compliance Program |
5:00pm - 6:00pm |
Networking Reception |
Tuesday, September 13
Wednesday, September 14
7:00am - 8:00am |
Continental Breakfast |
8:00am - 9:15am |
Code of Ethics & Insider Trading
Code of Ethics
- Best practices for giving and receiving gifts and entertainment
- Outside business activities by employees
- Charitable contributions
- Employee personal trading requirements
|
Integration of Technology and Compliance
Custody
- Who is subject to a surprise custody audit?
- Client accounts held with affiliated custodians
- Financial audits for pooled investment vehicles
- Custody of alternative investments
- GAAP vs. IFRS financial audits
- Advisers serving as trustee to client accounts
|
9:15am - 10:30am |
Utilization of Social Media by Advisers
Compliance Risk Management Cycle
- Compliance governance
- Compliance landscape
- Risk identification and assessment
- Risk mitigation
- Risk monitoring, tracking and incident management
- Reporting
|
Regulation of International Advisers
Marketing
- Social networking
- Advertising performance returns
- Performance and other disclosures
- Claiming compliance with GIPS®
|
10:30pm - 10:50pm |
Networking Break |
10:50am - 12:20pm |
Trends and Updates to the SEC Inspection Program
Surviving the New and Improved SEC Examination Program for 2011
- Tips to prepare for the SEC
- What changes have been made to the SEC Examination program for 2011?
- Guidance for handling the SEC staff during an exam
- Recent SEC sweeps
- Types of SEC examinations
- What to do post-SEC examination
|
12:20pm - 12:30pm |
Concluding Remarks - End of Conference |
*Agenda subject to change.
** Workshop and Peer Groups are closed to the media and exhibitors
Register Now
CPE & CLE Credits
ACA will be applying for CLE Credits in certain states. For full details, click the link below.
CPE & CLE Credit Information
