Searching Content indexed under Compliance by Ropes & Gray LLP's Investment Management Practice Group ordered by Published Date Descending.
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2019 Mutual Funds And Investment Management Conference
Susan M. Olson, General Counsel, Investment Company Institute Ms. Olson noted the wide range of regulatory initiatives during 2018 and so far in 2019 that will impact registered funds and their service providers and shareholders.
United States
17 Apr 2019
SEC Extends Compliance Date For Some Requirements Of The Liquidity Risk Management Rule And Related Disclosure Requirements – Additional Guidance And FAQs
On February 22, 2018, the SEC adopted an interim final rule (the "IFR") that extends, for six months, the compliance date for some of the requirements of Rule 22e-4 under the 1940 Act...
United States
12 Mar 2018
Ropes & Gray's Investment Management Update: February 2017 – March 2017
The stated purpose of the Guidance is to remind robo-advisers of certain unique considerations that may apply to their business under the Advisers Act.
United States
7 Apr 2017
Separately Managed Accounts – SEC Provides Guidance On "Inadvertent" Custody And Reliance On Standing Letters Of Authorization
The SEC's Division of Investment Management recently published a three-page Guidance Update, Inadvertent Custody: Advisory Contract Versus Custodial Contract Authority.
United States
6 Apr 2017
DOL Fiduciary Rule Compliance—SEC Says Brokers Can Impose Their Own Commissions On Sales Of "Clean" Fund Shares
On January 11, 2017, the SEC staff issued a no-action letter (the "Letter") to Capital Research and Management Company in which the staff confirmed that the restrictions of Section 22(d) of the 1940 Act do not apply to a broker-dealer when...
United States
8 Feb 2017
SEC Finalizes Rules Requiring Liquidity Risk Management By Open-End Funds
In an October 13, 2016 release (the "Release"), the SEC adopted Rule 22e-4 (the "Rule") and published new disclosure and data reporting requirements. Most notably:
United States
30 Oct 2016
SEC Adopts Amendments To Form ADV And Recordkeeping Rule
Finally, an investment adviser that reports its client assets in Part 2A of Form ADV differently than RAUM reported in Item 5 must now check a box noting that election.
United States
30 Aug 2016
Ropes & Gray's Investment Management Update: June – July 2016
The following summarizes recent legal developments of note affecting the mutual fund/investment management industry:
United States
12 Aug 2016
Amended FINRA Rule Will Require Margin For TBA Transactions
Both maintenance margin and mark-to-market margin must be posted by the close of business on the business day following the date on which the margin deficiency arises.
United States
12 Jul 2016
FinCEN Issues Customer Due Diligence Rules And Amends AML Program Rules
The changes made by the Release are summarized below. The compliance date for all of the Release's changes is May 11, 2018.
United States
10 Jun 2016
SEC Proposes Incentive-Based Compensation Rule: How To Determine Whether Your Firm Will Be Impacted
The SEC recently released a proposed rule (the "Rule") with respect to the implementation of incentive-based compensation arrangements for certain "covered financial institutions" (which includes investment advisers).
United States
17 May 2016
SEC Announces Dodd-Frank Whistleblower Award For Compliance Professional
On Wednesday, April 22nd, the Securities and Exchange Commission announced that it had awarded approximately $1.5 million to a whistleblower who had served as a compliance officer of the company about which he blew the whistle.
United States
24 Apr 2015
Investment Management Update: October 2014 – November 2014
The following summarizes recent legal developments of note affecting the mutual fund/investment management industry
United States
4 Dec 2014
Ropes & Gray’s Investment Management Update: April 2014 – May 2014
The following summarizes recent legal developments of note affecting the mutual fund/investment management industry.
United States
3 Jun 2014
Ropes & Gray’s Investment Management Update: October 2013 - November 2013
The following summarizes recent legal developments of note affecting the mutual fund/investment management industry:
United States
27 Nov 2013
SEC Releases Guidance With Respect To Privately Offered Securities And The Custody Rule
The Division of Investment Management of the U.S. Securities and Exchange Commission has recently released an IM Guidance Update with respect to the custody rule, Rule 206(4)-2 under the Investment Advisers Act of 1940, as amended.
United States
6 Aug 2013
SEC Adviser Examinations Focus On Custody Rule Compliance
The SEC’s Office of Compliance Inspections and Examinations ("OCIE") found that approximately one-third of recent examinations that identified significant deficiencies involved custody-related issues.
United States
10 Mar 2013
Congress Passes JOBS Act
On March 27, 2012, Congress passed the Jumpstart Our Business Startups Act, H.R. 3606, as amended (the "JOBS Act"). President Obama is expected to sign the bill shortly.
United States
10 Apr 2012
Legal And Compliance Officers Left In Doubt About Their Personal Liability
On October 19, 2009, the SEC instituted an administrative proceeding against Theodore Urban, the former general counsel of a broker-dealer, alleging that he had "failed to supervise" a registered representative of the firm.
United States
21 Feb 2012
FINRA Increases Private Placement Scrutiny And Enforcement
The Financial Industry Regulatory Authority has sanctioned eight firms and 10 individuals for selling private placement offerings without adequate due diligence or a reasonable basis for recommending the securities.
United States
3 Jan 2012
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