Expert Resources To Assist with Rule 38a-1 Compliance

Compliance with federal securities laws is an increasing burden for investment company Chief Compliance Officers. With strained budgets and increasing scope, it is difficult for CCOs to maintain a “culture of compliance”.

Just as late trading, market timing, and disclosure-related scandals rocked the mutual fund industry and heightened the focus and resolve of the SEC and FINRA, valuation issues, conflicts of interest, and service provider oversight have become the newest focus point for regulatory action.

The Rule 38a-1 annual assessment of adequacy means looking at your policies and procedures to ensure that still fit the nature of the business you are conducting. Have you changed the way you are doing business? Have you outsourced some of your operations to a third-party provider? Have changes to the rules and regulations been incorporated into your policies and procedures?

The annual review of effectiveness means testing the implementation of your policies and procedures to ensure that employees, outsourced service providers, and any other person or entity involved in your business are doing so in accordance with your compliance program.

At AdvisorAssist, our experienced industry professionals have designed compliance programs for mutual fund complexes of all sizes and operational models. We have extensive experience with the major outsource service providers. If you are looking for practical advice, depth of expertise, and efficient/cost effective compliance services, the professionals at AdvisorAssist are the right choice.

Our services include:

• Compliance and Risk Management Programs
• Fund Governance and Board Support
• Rule 38a-1 and 206(4)-7 Assessments
• Mock SEC Examinations
• Conflicts of Interest (COI”) Reviews
• Sub-Advisor Due Diligence
• Service Provider Oversight and Due Diligence
• Policies and Procedures Reviews
• 15(c) Contract Renewal Support
• Outsourcing and Interim Management Services

If you would like to learn how we can help with the design or testing of your compliance program, contact one of our Principals by filling out the form to the right or calling us at 866.513.4042.