Creating effective compliance oversight structures for investment advisers

Michelle L. Jacko and Janice Powell
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Michelle L. Jacko: Managing Partner, Jacko Law Group, USA
Janice Powell: Senior Compliance Consultant, Core Compliance & Legal Services, USA

Journal of Financial Compliance, 2021, vol. 5, issue 2, 144-153

Abstract: Creating an effective oversight structure is no easy task. Investment advisers face challenges based on growth of the business, changes in regulations, new initiatives from senior management, product and service evolutions and potentially limited budget and resources to support increasing compliance needs. The purpose of this paper is to address how to create an effective supervisory structure. Focusing on recent guidance by the SEC in the form of speeches, Risk Alerts and a case study, we will explore how to identify and address potential gaps that exist in the supervisory structure, including considerations for building a strong culture of compliance and advance effective oversight, considering both teleworking and in-office environments.

Keywords: Oversight structures; culture of compliance; compliance programme; surveillance and supervision (search for similar items in EconPapers)
JEL-codes: E5 G2 K2 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jfc000:y:2021:v:5:i:2:p:144-153

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