Best of the Web – October 2013

During our daily review of all matters regulatory,
we sometimes come across publicly-available pieces from our clients, partners,
competitors, and friends that we think are extremely helpful and well
done.  Usually, these articles provide
in-depth analysis far greater than we can offer in the short-form format that
you receive from us every morning. 
Sometimes, these industry players address issues outside our expertise
and experience.   We offer these articles
and links in no particular order.  We
hope you find these gems as valuable as we did.

2013: the year of compliance: Rethink and rebuild to
adapt and win (E&Y)

http://www.ey.com/Publication/vwLUAssets/EY_-_2013:_the_year_of_compliance/$FILE/2013-the-year-of-compliance-EH0108.pdf

Update on GIPS Guidance Statement on Pooled Funds
and Potential Impacts – Remarks from the GIPS Standards 2013 Annual Conference
(K&L Gates)

http://www.klgates.com/update-on-gips-guidance-statement-on-pooled-funds-and-potential-impacts—remarks-from-the-gips-standards-2013-annual-conference-10-15-2013/

Social Media: The Ongoing Evolution of Internal
Controls (Morgan Lewis)

http://www.morganlewis.com/pubs/InvestmentLawyer_SocialMedia-InternalControls_Oct2013.pdf

Views on Operational Due Diligence (Kinetic
Partners)

http://www.thehedgefundjournal.com/node/8893

ETFs: How innovators and regulators are shaping
growth in the Asset Management industry (PWC)

http://www.pwc.com/en_US/us/asset-management/investment-management/publications/assets/pwc-etf-innovation-growth-regulation.pdf

Key Regulatory and Accounting Issues for
Broker-Dealers (Rothstein Kass)

http://www.rkco.com/getattachment/d9fabb05-23c5-49d9-bea2-8cc3740bc8a0/Key-Regulatory-and-Accounting-Issues-for-Broker-De

Sound Advice For Emerging Hedge Fund Managers – Part
2 (SadisGoldberg)

http://www.sglawyers.com/admin/PDFs/270.PDF

In Re Trados Incorporated Shareholder Litigation:
Confronting the Conflicts Facing Investment Fund Board Designees When a
Portfolio Company is Sold (Bingham)

http://www.bingham.com/Alerts

How liquidation basis accounting affects private
equity funds (Grant Thornton)

http://www.grantthornton.com/issues/library/articles/financial-services/2013/10-FS-AM-liquidation-basis-accounting-private-equity.aspx

Is Your ADR Clause Enforceable? (Baker Donelson)

http://www.bakerdonelson.com/is-your-adr-clause-enforceable-10-10-2013/

Recordings Available For BBD’s Webinars for Mutual
Fund & ETF Directors and Trustees (BBD)

http://www.bbdcpa.com/blog/webinarrecordings/

CFTC Adopts New CPO Rules for Registered Investment
Companies and Others (Dechert)

http://sites.edechert.com/10/1824/uploads/10-13-cftc-harmonization-onpoint.pdf

View From Groom: Tax Compliance Challenges for IRA
Owners and Providers—Does the IRS/Treasury Priority Guidance Plan Offer Some
Hope? (Groom)

http://www.groom.com/media/publication/1305_Tax_Compliance_Challenges_IRA_Owners_Providers_BNA.pdf

Caught in the Wash (Schulte Roth & Zabel)

http://www.srz.com/files/News/c18567d9-a55f-4ab5-8eaf-aa82257cbc3e/Presentation/NewsAttachment/fdf79d6a-85d9-4e4a-9748-ab5a39e2ebfd/HFMWeek_Caught_in_the_Wash_October_2013.pdf

When Diversification “Fails,” and Why We Still
Believe (SEI)

http://www.seic.com/docs/IMU/SEI_Diversification_Devin_Cassels_2013_US.pdf

CFTC Publishes Sweeping Concept Release Asking
Questions About Additional Regulation of Automated Trading Strategies and
High-Frequency Trading (Skadden)

http://www.skadden.com/insights/cftc-publishes-sweeping-concept-release-asking-questions-about-additional-regulation-automa