Hedge funds are subject to regulatory scrutiny, and enforcement actions against managers have been increasing in frequency and sophistication. Hedge fund managers therefore need to ensure compliance with the ever-growing panoply of regulations to which they are subject; and registered managers need to prepare for routine and other examinations by regulators. In order to assist managers with these aims, the Regulatory Compliance Association held its Compliance, Risk and Enforcement 2014 Symposium in New York City. This article, the first in a two-part series, summarizes the panelists’ discussion on the NFA’s and SEC’s risk-focused tools and technologies; the SEC’s 2015 examination and enforcement priorities; and preparing for SEC examinations. The second article in the series will cover risks associated with regulatory reporting and emerging AIFMD issues. See also “How Do Regulatory Investigations Affect the Hedge Fund Audit Process, Investor Redemptions, Reporting of Loss Contingencies and Management Representation Letters?
,” Hedge Fund Law Report, Vol. 8, No. 3 (Jan. 22, 2015). In April of this year, the RCA will be hosting its Regulation, Operations and Compliance (ROC) Symposium in Bermuda. For more on ROC Bermuda 2015, click here
; to register for it, click here