7a. IA – Compliance Passport: Perspective Beyond the U.S. Borders (Advanced)
This session will explore potential issues and processes Compliance must consider when a firm expands globally. Focus on the difference between advisory services and fund sales within each jurisdiction.
- Discuss the compliance requirements when firms do business with the following countries: United Kingdom, Ireland, South Africa, Dubai, Singapore, Hong Kong, Australia and Brazil (including MiFID implications).
- Identify the primary regulatory authorities in each country to determine what firm and/or individual registrations or licenses must be obtained prior to initiating any business
- Review the exemptions for cross border business (e.g. reverse solicitation, institutional clients, fund sales, purely advisory services, private placements)
- Understand the implications of Brexit on marketing within and outside of the UK