As technological advancements transform the fund compliance landscape, strengthening the partnership between the fund board and the chief compliance officer is more important than ever.
As technological advancements transform the fund compliance landscape, strengthening the partnership between the fund board and the chief compliance officer (CCO) is more important than ever. The...
More than 20 years after the SEC adopted Rule 38a-1, the fund compliance landscape looks very different. Advances in data analytics, automated monitoring, and emerging artificial intelligence (AI)...
Technology has significantly enhanced the ability of compliance teams to monitor activities, analyze data, and identify potential issues. Automated testing and surveillance tools can review large...
Fund boards are a cornerstone of regulated funds, established to protect investors from conflicts of interest and ensure strong governance. With independent directors representing shareholder interests, fund boards provide critical oversight, upholding transparency, fiduciary standards, and accountability across the industry.
Independent fund directors don't work in isolation. The collective deliberations among board members and management—as well as the exchange of perspectives with peers on other boards who are...
On July 30, the Federal Deposit Insurance Corporation (FDIC) Board of Directors approved a notice of proposed rulemaking (NPR) that would amend the agency's existing regulations under the Change in Bank Control Act (CBCA). The NPR reflects concerns expressed by various FDIC Board...
In May 2004, the Investment Company Institute formed the Independent Directors Council as a new independent entity to support and strengthen the vital role of fund independent directors. The press release announcing IDC’s formation highlighted that its programs, activities, and policy...
Linked below is the comment letter that ICI filed today with the SEC, which expresses serious concerns with how the SEC's proposed amendments to the liquidity rule would affect mutual funds and ETFs investing in bank loans. This letter elaborates on points made about bank loan funds...
