Source: https://rcaonline.org/course/investment-adviser-regulation-iii/
Timestamp: 2019-09-22 18:07:27
Document Index: 249649981

Matched Legal Cases: ['art 3', 'art 2', 'art 2', 'art 3', 'art 3', 'art 3']

Investment Adviser Regulation 3 | Regulatory Compliance Association
Investment Adviser Regulation 3
Part 3 continues where Part 2 left off in describing how to draft written compliance policies and procedures that take into consideration the applicable laws, rules and regulations listed and described in Part 2 as well as other key considerations. Part 3 also explains how an SEC-registered investment adviser should generally approach laws, rules and regulations that set forth detailed guidance versus those that do not provide detailed or specific guidance, including the use of interpretive guidance.
Part 3 describes the Chief Compliance Officer’s duty to conduct annual and periodic reviews of an SEC-registered investment adviser’s written compliance policies and procedures, and how a Chief Compliance Officer should approach resolving compliance issues when they arise. In addition, Part 3 discusses the types of SEC examinations for which an SEC-registered investment adviser should prepare, including periodic or “routine” exams, “sweep” exams and “presence” exams, how to prepare for an SEC exam, what to expect when an exam commences, typical areas of SEC focus during an exam, and the potential consequences of an exam.
How to implement a written compliance program pursuant to SEC Rule 206(4)-7 promulgated under the Investment Advisers Act of 1940 (the “Advisers Act”) that is “reasonably designed” to prevent violations of the Advisers Act;
The types of interpretive guidance issued by the SEC and other regulatory authorities that may be useful in drafting and implementing written compliance policies and procedures;
The Chief Compliance Officer’s duty to review and update an SEC-registered investment adviser’s written compliance policies and procedures;
The categories of SEC exams;
How an investment adviser should prepare for and approach an SEC exam;
Potential areas of focus by the SEC during an exam; and
Potential outcomes of an SEC exam.
Course ID Number: 7012