SEC Announces Compliance Outreach Program for January 31
The SEC announced that it will hold a national seminar on investment management compliance on January 31, 2012 in Washington. The agenda includes enterprise risk management, trading practices, registration, enforcement, and custody. The program is part of the SECâ€™s â€œCompliance Outreach Program,â€ which was formerly known as â€œCCOutreach.â€ According to the SEC, the new branding is intended to â€œbe more inclusive of all senior personnel at firms and emphasize the need for compliance awareness at all levels of an organization.â€ Carlo di Florio, Director of the SECâ€™s Office of Compliance Inspections and Examinations said that the SEC looks forward to a â€œconstructive dialogue with senior personnel of investment management firms.â€ The program is a joint effort of OCIE and the Division of Investment Management. Registration can be done on-line and is limited.
OUR TAKE: Past programs have been fairly one-sided as the SEC outlined its compliance requirements and the industry nodded. Hopefully, the newly branded program will allow for some industry input.