MFDF - Mutual Fund Directors Forum - OCIE Releases Examination Priorities for 2016 test

Member Login



Request an account

Sample Banner 2

OCIE Releases Examination Priorities for 2016

The SEC’s Office of Compliance Inspections and Examinations (OCIE) released its Examination Priorities for 2016 this week and announced that it would assess market-wide risks, examine issues related to retail investor protection, and continue to leverage data analytics to detect potentially illegal activities. The market-wide risk assessments include examinations of advisers to funds and ETFs with exposure to potentially illiquid fixed income investments.

Among the initiatives designed to protect retail investors is a focus on ETFs regarding compliance with exemptive orders and creation and redemption processes. Additionally, OCIE will review “sales strategies, trading practices, and disclosures involving ETFs, including excessive portfolio concentration, primary and secondary market trading risks, adequacy of risk disclosure, and suitability, particularly in niche or leveraged/inverse ETFs.”

OCIE also plans to focus on the suitability of variable annuity sales and related disclosure and supervision and the cybersecurity compliance and controls of broker-dealers and investment advisers.  In addition, OCIE plans to continue its risk-based examinations of never before examined investment companies and investment advisers.

 
  • All
  • Accounting and Audit
  • Advisory Contracts
  • Board Governance
  • Board Governance: Board Leadership
  • Board Governance: Compensation
  • Board Governance: Oversight of CCO
  • Board Governance: D&O Insurance
  • Board Governance: Self-Evaluation
  • Closed-end Funds
  • ETFs
  • Other Oversight
  • Other Oversight: Alternative Investments and Derivatives
  • Other Oversight: Custody
  • Other Oversight: Fixed Income funds
  • Other Oversight: Distribution
  • Other Oversight: Portfolio Trading
  • Other Oversight: Proxy Voting
  • Other Oversight: Securities Lending
  • Legislative News
  • Money Market Funds
  • Reference
  • Regulatory News
  • Risk
  • Shareholder Disclosure
  • Valuation
  • Webinars
  • Aaron New Tag

SHOWING 0 TO 0 OF 0 ENTRIES (FILTERED FROM 0 TOTAL ENTRIES)