The Canadian Securities Administrators has issued exemptions from certain aspects of National Instrument 31-103, which came into force late last year and created a unified registration regime across the country.
CFA Institute has issued a revised set of Global Investment Performance Standards, which are ethical principles that guide investment firms on calculating and reporting their results to potential clients.
Elisse Walter, member of the Securities and Exchange Commission, has warned against holding off on fiduciary duty reform while the SEC conducts a new review of investment adviser and broker/dealer regulation.
Richard Bernstein Capital Management has hired Michael Meyer, a former director of compliance at Citigroup Global Markets, as its first chief compliance officer.
Planned legislative reforms requiring hedge funds to register would create new gaps in regulation even as they close others, according to Andrew Donohue, director of the Securities and Exchange Commission's Division of Investment Management.
The Investment Funds Institute of Canada has raised concerns over the compliance burden of plans to introduce point-of-sale disclosure for the mutual fund industry.
The Managed Funds Association is worried that plans to overhaul financial legislation could lead to uncertainty about the treatment of over-the-counter derivatives in the event of bankruptcies.
Level Global Investors has hired Taki Vasilakis as the unregistered hedge fund firm's chief compliance officer.
The Securities and Exchange Commission has ordered an administrative law judge to rehear a case seeking to bar a former investment adviser because the judge initially did not consider evidence the adviser submitted on his own behalf.
Bain Capital has hired James Houghtlin, a former Barclays Capital compliance officer, to head up compliance for Sankaty Advisors, an affiliated fixed-income fund.