IDC Resources for Directors Fund Operations Oversight Service Providers
Funds generally do not have their own employees, so they rely on service providers to manage their operations. In addition to the fund adviser, which manages the portfolio and may perform other services, these service providers can include: an administrator, custodian, fund accounting agent, principal underwriter, and transfer agent.
The fund board oversees the service providers as part of its general oversight responsibilities. The nature and extent of board involvement in overseeing service providers varies across the industry. Many boards are involved to some degree in the selection of service providers and engaged in ongoing oversight of the quality of services received by the fund from its providers.
Webinars
- Webinar: Emerging Financial Technologies: An Overview for Fund Directors
Mar 30, 2017
- Specific Regulatory Responsibilities: Session 5 of the Core Responsibilities of Fund Directors Webinar Series
Dec 10, 2014
- Oversight of Fund Service Providers: Session 4 of the Core Responsibilities of Fund Directors Webinar Series
Sep 11, 2014
- Fundamentals of Fund Director Oversight: Session 1 of the Core Responsibilities of Fund Directors Webinar Series
Feb 27, 2014
Regulatory Matters
IDC’s memos inform directors about important regulatory, legislative, and judicial developments. IDC also comments on proposals that could affect board responsibilities or shareholder interests. See below for recent comment letters and memos on selected topics.
