Purpose – This article discusses the perils of electronic communication, the regulators' response to its proliferation, the findings of a recent survey by Orchestria, and the traditional solutions most companies are adopting. Design/methodology/approach – Discusses results of a survey that...

Purpose – To explain current guidelines for outsourcing as provided by the Joint Forum, the EU Markets in Financial Instruments Directive (MiFID), and the UK Financial Services Authority. Design/methodology/approach – After discussing the international regulatory focus, describes FSA policy...

Purpose – The purpose of this article is to describe the process for forming and registering a new investment company (or mutual fund) or converting an existing hedge fund into a mutual fund and registering the converted fund. This article discusses the timing, tax and regulatory implications...

Purpose – This paper aims to discuss some of the more significant conflicts that a chief compliance officer (“CCO”) may face in implementing a compliance program and to offer suggestions intended to reduce the conflicts and strengthen the advisory firm's compliance program....

Purpose – This paper seeks to discuss the Guidance Note on disclosure of hedge fund side letters issued by the UK's Alternative Investment Management Association (AIMA) in September 2006. Design/methodology/approach – Explains the meaning of “material” and “non‐material” and...

Purpose – The purpose of this paper is to: emphasize the importance of sound policies and procedures to support a sound compliance program; define the relationships among rules, policies, and procedures; and recommend a detailed, step‐by‐step approach for implementing a strong rules,...

Purpose – The purpose of this paper is to assess the FSA's recent, allegedly soft approach toward insider trading and compare it with current approaches in the USA, France, and Germany Design/methodology/approach – Discusses reasons for the FSA's current approach, including its emphasis on...

Purpose – The purpose of this paper is to discuss the implications of recent decisions by the UK Information Commissioner under the Freedom of Information Act 2000, ordering the UK Financial Services Authority (FSA), over its objections, to disclose details of certain investigations....

Purpose – The purpose of this paper is to provide an overview of recent guidance from the FSA and industry, and recent case law regarding product providers and distributors Design/methodology/approach – Explains current status of the guidance; provides overview of the guidance and its two...

Purpose – The purpose of this paper is to summarize data gathered from the North American Securities Administrators Association 2007 Report of Investment Adviser Examinations, to help all member jurisdictions and advisers gain a better understanding of current compliance challenges, and to...