top of page
RESOURCES
Disclaimer: This section does not purport to cover all of the regulations applicable to SEC-registered investment advisers, or to investment advisers not registered with the SEC.
Disc
"Each adviser should adopt policies and procedures that take into consideration the nature of that firm's operations. The policies and procedures should be designed to prevent violations from occurring, detect violations that have occurred, and correct promptly any violations that have occurred."
"Rule 38a-1 requires fund boards to adopt written policies and procedures reasonably designed to prevent the fund from violating the federal securities laws. The procedures must provide for the oversight of compliance by the fund's advisers, principal underwriters, administrators, and transfer agents (collectively, "service providers") through which the fund conducts its activities.
-See Compliance Programs of Investment Companies
and Investment Advisers.
Advisers Act Release No. 2204, Dec 17, 2003
bottom of page