10 Takeaways From CFA Institute’s Guidance on Benchmarks for Firms The 2020 Global Investment Performance Standards (GIPS®) require firms to choose an appropriate total return benchmark, when available, for every composite and pooled fund. This information must be presented in the firm’s GIPS Reports. Benchmarks are used as a reference [...]
UPDATE: The SEC’s Marketing Rule is Officially Published – What Now? WHAT HAPPENED? On Friday, March 5, 2021, the U.S. Securities and Exchange Commission’s highly anticipated Marketing Rule was published in the Federal Register, setting in motion a series of regulatory requirements for investment advisers. The move to officially [...]
GIPS® Standards Case Study: One Asset Owner’s Efforts to Attain Compliance Asset owners are a growing faction of entities seeking to attain compliance with the Global Investment Performance Standards (GIPS®). As compliance with the standards becomes more essential in building business partnerships and preparing for the future of capital markets, more [...]
The SEC’s New Marketing Rule: Here’s What You Should Know Now UPDATE: 3/5/2021 On March 5, 2021, the Marketing Rule was published in the Federal Register, setting in motion the need for firms to prepare for compliance. Fairview will publish more information on an ongoing basis about the Rule [...]
OCIE Risk Alert: common compliance program issues WHAT HAPPENED? On Nov. 19, 2020, the Office of Compliance Inspections and Examinations of the U.S. Securities and Exchange Commission (OCIE) released a Risk Alert outlining common compliance concerns among registered investment advisers. The list was compiled based on recent compliance examinations [...]
Performance Practice Leader of Fairview Appointed to CFA Institute’s ESG Verification Subcommittee We are pleased to announce that, this month, Fairview Performance Service’s Vice President and Performance Practice Leader, Greta Nathan, begins her term on CFA Institute’s ESG Verification Subcommittee. CFA Institute issued a Consultation Paper on the Development of [...]
9 Important Highlights from the 2020 GIPS Standards Conference Late last month, CFA Institute held its 24th Annual Global Investment Performance Standards (GIPS®) Conference virtually. The event was an opportunity to capture important information from industry experts and focused on the 2020 GIPS standards, which are effective for firms claiming [...]
CFA Institute’s Online Resources for Asset Owners Claiming Compliance with the 2020 GIPS® Standards CFA Institute’s website has a great list of resources for asset owners claiming compliance with the Global Investment Performance Standards (GIPS®). Most items relate to the 2020 edition of the GIPS Standards that was released on June 30, 2019. [...]
GIPS® Advertising Guidelines for Firms Firms claiming compliance with the 2020 edition of the Global Investment Performance Standards (GIPS®) have two options for communicating their claim of compliance. One of which is making a full claim of compliance in the firm’s GIPS report, formerly called a “GIPS compliant presentation.” However, asset managers [...]
Nine Things to Notice: SEC Examiners’ Focus Areas WHAT HAPPENED? As capital markets shift and the risks to market participants change, so do the focus areas of routine SEC exams. Below are trending items from recent examinations: KEY FOCUS POINTS: Environmental, social, and governance [...]