New rules to add more responsibilities for compliance (IGNITES)

For CCOs and compliance teams, it’s time to consider preparing for three new complex SEC rules set to become effective in 2022. The new rules, centered on fund of funds, derivatives and valuation procedures, may require firms to have additional compliance is in place during 2022, beginning with the fund of funds rule on January 19, 2022. Amy Lynch, FrontLine’s Founder and President, explains that the first step is for compliance teams to work closely with legal to get guidance on how to interpret the rules and resolve any ambiguities with how each rule applies to their respective firm. Each rule will force compliance to coordinate with other business areas, comments Ms. Lynch, since data must be collected to appropriately comply. See IGNITES (subscription required), “New, Complex Rules Add CCO Headaches“