The recently-enacted Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") will result in, among many other consequences, the vast majority of hedge fund managers being required to register as investment advisers with either the Securities Exchange Commission or the various state securities regulators. For those hedge fund managers registered with the SEC, there is an express regulatory requirement that they develop and implement written policies and procedures reasonably designed to prevent violations of the Investment Advisers Act of 1940, as amended. For state registered investment advisers, even if not expressly required, there seems to be an unwritten expectation from both the regulators and sophisticated investors that they do the same.
This webcast, cosponsored by the National Society of Compliance Professionals and West LegalEdcenter, will summarize the role of compliance in the operations of a private investment fund with an awareness of the distinction between minimum regulatory requirements and industry best practices. We will touch upon the following issues:
- Basic compliance procedures regardless of registration status
- Compliance pitfalls
- Legal and regulatory considerations: investment structure, domicile and registrations - state vs. Federal registration requirements
- Filings: Form ADV, Form D, state notice filings, IA representatives, FBAR filings
The content of this webcast was originally a workshop at the National Society of Compliance Professionals (NSCP)'s Annual Membership Meeting; the most comprehensive industry conference (over 70 workshops, labs and regulatory panels) to view the full national agenda and purchase a searchable CD of the National Meeting's materials please go to www.nscp.org.
If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance. Credit totals for other formats are for complete programs. Partial credit is not available for any online or downloadable format.
West LegalEdcenter will not provide accreditation for states not listed.
This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.