2014 Exam Initiatives/Focus Areas Disclaimer The Securities and - - PowerPoint PPT Presentation

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Nov 27, 2022 224 likes •316 views

2014 Exam Initiatives/Focus Areas Disclaimer The Securities and Exchange Commission, as a matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed herein are those of

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2014 Exam Initiatives/Focus Areas

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Disclaimer

The Securities and Exchange Commission, as a

matter of policy, disclaims responsibility for any private publication or statement by any of its employees. The views expressed herein are those of the author and do not necessarily reflect the views of the Commission or of the author’s colleagues upon the staff of the Commission.

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Agenda

NEP Wide Initiatives
Ongoing Risks
New and Emerging Issues
Policy Topics
Local Risks

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NEP Wide Initiatives

Fraud Detection
Enterprise Risk Management
Technology

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2014 Focus Areas for IA/IC Program

Ongoing Risks

– Safety of Assets – Conflicts of Interest Related to Compensation Arrangements – Marketing/Performance – Conflicts of Interest Related to the Allocation of Investment Opportunities – Fund Governance

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New and Emerging Issues

– New Registrations

Presence Exams

– Dually Registered IA/BD – “Alternative” Investment Companies – Payment for Distribution in Guise

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Policy Topics

– Money Market Funds – Compliance with Pay to Play Rules – Compliance with Exemptive Orders

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Local Focus Areas

Never Examined Advisers
Business Developments Companies
Closed-End Funds