Exam Initiative Underway by OCIE
FrontLine Compliance
Last week, the Office of Compliance Inspections and Examinations (OCIE) announced new targeted exams of registered investment companies and advisers with specific types of investment activity. Specifically, exams will cover the following types of funds and activities:
Index funds with custom indices
Small ETFs and ETFs with limited trading volume
Mutual funds investing in securitized assets
Funds with poor performance relative to peers
Advisers new to fund management
Advisers managing both mutual funds and private…
