tailieunhanh - Study on Enhancing Investment Adviser Examinations

It must be noted that on 12 July 2010 the Commission proposed the extension of investor compensation schemes to cover investors in UCITS. The amendments to Directive 97/9/EC aimed to cover situations where a depositary is liable for the loss of assets of UCITS but is not able to cover its liabilities. This should serve as an additional means to increase the protection for investors in UCITS. However, at this stage this proposal has not been accepted by the Council and is subject to further negotiations. In addition, the financial crisis also revealed that the remuneration and incentive. | Study on Enhancing Investment Adviser Examinations As Required by Section 914 of the Dodd-Frank Wall Street Reform and Consumer Protection Act This is a study by the Staff of the Division of Investment Management of the . Securities and Exchange Commission. The Commission has expressed no view regarding the analysis findings or conclusions contained herein. January 2011 1 Introduction and Executive Summary I. The Congressional mandate On July 21 2010 President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act the Dodd-Frank Act .1 Section 914 of Title IX of the Dodd-Frank Act Title IX mandates that the . Securities and Exchange Commission the SEC or the Commission conduct a study to review and analyze the need for enhanced examination and enforcement resources for investment advisers the Study .2 Section 914 requires the examination of 1 the number and frequency of examinations of investment advisers by the Commission over the five years preceding the date of the enactment of Title IX 3 2 the extent to which having Congress authorize the Commission to designate one or more self-regulatory organizations each an SRO to augment the Commission s efforts in overseeing investment advisers would improve the frequency of examinations of investment advisers 4 and 3 current and potential approaches to examining the investment advisory activities of dually-registered broker-dealers and investment advisers dual registrants and registered investment advisers that are affiliated with a The Study must also include a discussion of the regulatory or legislative steps that are recommended or that may be necessary to address the concerns identified in the Dodd-Frank Wall Street Reform and Consumer Protection Act Pub. L. No. 111-203 124 Stat. 1376 2010 . 2 See section 914 a 1 of the Dodd-Frank Act. Section 914 calls for a review and analysis of the need for enhanced examination and enforcement resources for investment .