Best of the Web – May 2014

Once again, we offer the “Best of the Web,” our monthly compendium of well-done, publicly-available insights from our clients, partners, competitors, and friends. For May, we highly recommend IAA’s compliance testing survey, which offers some best practices for compliance officers. Additionally, Morgan Lewis sheds some light on social media marketing, and Stradley Ronon gets you ready for an SEC cybersecurity exam. We hope you find these gems as valuable as we did.

Results: 2014 Investment Management Compliance Testing Survey Results (Investment Adviser Association)

https://www.investmentadviser.org/eweb/Dynamicpage.aspx?webcode=DocRedirect&wps_key=56fe4b74-0a1a-4333-999a-694151e5d86d&RURL=../eweb/docs/Publications_News/Reports_and_Brochures/Investment_Management_Compliance_Testing_Surveys/2014IMCTresults.pdf

CYBERSECURITY UPDATE: What Information Will Be Requested by the SEC’s Office of Compliance Inspections and Examinations During an Examination? (Stradley Ronon)

http://www.stradley.com/newsletters.php?action=view&id=939

Update on Social Media Compliance (Morgan Lewis)

http://www.morganlewis.com/pubs/IM_SocialMediaSpringCon_14may14.pdf

CFTC Staff Adopts New Approach to Requesting Relief From Commodity Pool Operator Registration (Bingham)

http://www.bingham.com/Services/Investment-Management

4 steps to Volcker Rule compliance (EY)

http://www.ey.com/Publication/vwLUAssets/EY-4_steps-to-Volcker-Rule-compliance/$FILE/ey-4-steps-to-Volcker-Rule-compliance.pdf

An Overview of ERISA Issues Related to ‘In-House’ Plan Use of Proprietary Products and Services (Groom)

http://www.groom.com/media/publication/1424_1Proprietary_Products_Litigation_BNA.pdf

Consensus Interpretation of the Implementation of Parallel Fund Structures under the Volcker Rule (Ropes & Gray)

http://www.ropesgray.com/news-and-insights/Insights/2014/May/Ropes-Gray-LLP-Joins-Firms-in-Volcker-Rule-Interpretation.aspx

FATCA Update: Recent Developments and Next Steps (Seward & Kissel)