In my 22+ years working in investment compliance, a question I get frequently is whether investment compliance (or portfolio compliance) is considered front office or back office. My answer is always, “it depends.” While it’s tempting to say that compliance in general is a review of “after-the-fact” activities (think of other industries like Healthcare Compliance …
Tag Archives: investment compliance
The Power of Investing in People: Why CCOs Need to Invest in Training for Their Investment Compliance Personnel
In the swiftly evolving investment landscape, the importance of specialized knowledge and continuous education for investment compliance personnel cannot be overstated. As Chief Compliance Officers (CCOs) face mounting complexities from factors such as crypto assets, share class structures, derivatives, ESG considerations, and AI innovations, their teams must be equipped to effectively monitor and manage these …
The Importance of Proper Rule Naming in Investment Compliance
Rule names matter. They drive your rule clarity, accuracy, and reusability. The rule name not only needs to explain the rule, but it also needs to explain the coding so that the correct rule is applied for monitoring. Different stakeholders read the name of the rule from different perspectives (e.g., a portfolio manager can view …
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The Role Of The Rule Coder In Today’s Investment Compliance World
In the complex landscape of investment compliance, the role of the rule coder is both crucial and unique. These professionals require a deep understanding of investment guidelines and regulations, interpreting both explicit and implicit mandates to mitigate risk effectively. A rule coder’s expertise ensures that compliance rules are tailored to the specific needs and challenges …
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Violation or Trade Error? How to Avoid Costly Rule Coding Mistakes
It’s every compliance department’s nightmare: the discovery of an inadvertent trade error or investment violation on an account. The potential loss from such errors is limitless and can be catastrophic. During a recent training session at a client’s site, we used one of their rules to illustrate improvement techniques. This session revealed a coding error …
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Assessing the Impacts of the SEC’s Name Rule Amendments
The Securities and Exchange Commission (SEC) recently announced amendments to Rule 35d-1 under the Investment Company Act of 1940, colloquially known as the “Name Rule.” The rule compels certain funds to align their investment portfolios with their names. As the regulatory landscape evolves, it’s incumbent on Chief Compliance Officers (CCOs), Chief Operating Officers (COOs), and …
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The Impact of Artificial Intelligence on Investment Compliance
In the intricate world of investment management, compliance holds a paramount role. It ensures rigorous adherence to laws and regulatory standards, protecting firms and their clients from legal repercussions and financial losses. Traditionally, maintaining compliance has been labor-intensive, fraught with complexities, and susceptible to human error. However, the advent of Artificial Intelligence (AI) is reshaping …
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Adapting Investment Compliance Strategies in an Unpredictable Economy
In an era marked by sudden regulatory shifts and economic unpredictability, the asset management industry finds itself at a crossroads. Firms are navigating a labyrinth of new challenges that demand innovative compliance strategies capable of weathering any storm. At TillieStar, we’ve been at the forefront of aiding investment managers to evolve and adapt in this …
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Leveraging TillieStar’s FundDesigner for Efficient Compliance Rule Implementation
In the ever-evolving landscape of asset management, compliance remains a cornerstone. Chief Compliance Officers, Chief Operating Officers, and Chief Technical Officers, are continually searching for innovative solutions to stay ahead of regulatory pressures. Within this context, TillieStar’s FundDesigner is revolutionizing compliance rule implementation with its advanced AI-powered platform. Streamlining Investment Guideline Management The demand for …
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Modernizing Legacy Systems for Today’s Compliance Challenges: A Blueprint for Success
The asset management landscape is ever-evolving which means maintaining regulatory compliance has never been more challenging—or more critical. Chief Compliance Officers (CCOs), Chief Operating Officers (COOs), and Chief Technical Officers (CTOs) constantly grapple with integrating new regulations into their operational frameworks. As TillieStar has observed since 2013, one of the most daunting hurdles is modernizing …