1g. IA/PF - Annual Review of Policies and Procedures (Basic - OPEN)
This panel will examine current trends and practices for conducting and maintaining effective and robust annual review programs in accordance with Rule 206(4)-7. The session will address best practices for constructive annual evaluation assessments and testing platforms for traditional and private funds advisers. It will also consider the risks in identifying and selecting testing topics, applying testing scenarios, handling deficiencies, issuing final reports, and updating the firm’s risk structure.
This session is open to regulators but closed to members of the press.
Learning Objectives:
Explore best practices for conducting an effective process and appropriate testing scenarios.
Learn how to address prior annual review findings/remediation and any compliance issues during the review period.
Discuss ways to draft a written report without creating regulatory liability and effectively communicate deficiencies to senior management.
Gain insight into using the results of the annual review to update the firm’s overall compliance risk framework.
