The following written by ACA's Danielle Joseph and Manny Halberstam appeared in the January 25, 2018 edition of The Hedge Fund Law Report.
In light of SEC Chair Jay Clayton’s recent statement that the Commission will continue to focus on the compliance programs of private fund advisers, it is important for those advisers to start 2018 on the right note. See “Will Inadequate Policies and Procedures Be the Next Major Focus for SEC Enforcement Actions?” (Nov. 30, 2017). One effective measure that chief compliance officers (CCOs) can take at the start of this calendar year is to create or update a compliance calendar that tracks regulatory filing deadlines, code of ethics reporting requirements and other relevant compliance tasks and responsibilities.
Click here to read the entire article.