Update on Recent US Regulatory Developments and SEC Enforcement Priorities

Dechert is pleased to announce that the popular lunchtime seminars on US regulatory topics continue with the next in the series taking place on Tuesday, 11 October 2016.

These informal sessions offered to legal and compliance professionals will provide an overview of the applicable regulations for asset managers, practical tips for compliance and an opportunity to ask questions and participate in the discussion. We look forward to welcoming you to our next session, details of which can be found below.

Update on Recent US Regulatory Developments and SEC Enforcement Priorities

The investment management and funds industry continues to experience a number of US regulatory changes, and further changes have been proposed by US regulators which will affect registered and unregistered investment advisers and the funds they manage. This session will examine a variety of regulatory changes as well as recent enforcement priorities for the US regulators, including:

• Amendments to Form ADV and Investment Adviser Recordkeeping Rules. The SEC has recently adopted a number of changes to Form ADV (the registration form for investment advisers and exempt reporting advisers) as well as amendments to the recordkeeping rules under the Investment Advisers Act of 1940. The changes will impose additional reporting and record-keeping requirements on investment advisers.
• Business Continuity and Transition Plans. The SEC has proposed new Rule 206(4)-4 under the Investment Advisers Act of 1940, which would require every SEC-registered investment adviser to adopt, implement and annually review a written business continuity and transition plan reasonably designed to address the risks of a significant disruption in the adviser’s operations.
• Overview of Recent SEC Enforcement Actions. The SEC has recently settled enforcement actions against investment advisers on topics including conflicts of interest regarding fees, cybersecurity breaches, and unauthorised brokerage activity by a private equity adviser.

Agenda:
12:00 p.m. – 12:30 p.m.: Registration
12:30 p.m. – 1:30 p.m.: Presentation and Q&A

For queries regarding this event, please contact Charlotte Gibbons.