FALL 2015 COMPLIANCE CONFERENCE

HEAR from industry experts, leading attorneys, and experienced senior professionals about the challenging compliance issues that firms face in the industry today.

LEARN from the best in a forum that is exciting, well-paced, and interactive, giving you plenty of opportunity to ask questions of the speakers and your fellow peers.

NETWORK with your colleagues, attorneys, consultants, and service providers to increase your opportunities to grow and strengthen your business.

LATEREGISTRATION

IS STILL AVAILABLE!

OCTOBER 28-30, 2015 SCOTTSDALE, AZ

EXPERIENCE THE ACA DIFFERENCE REGISTER NOW!

1. Be informed about recent regulatory updatesLearn from our panels of experts about new rules and guidance from various regulators, SEC examinations and enforcement efforts, trends in adviser compliance best practices, and more.

2. Earn CLE and CPE creditsACA will apply for CPE and CLE credits in as many states as requested by our attendees.

3. Cost effective registrationWe are sensitive to your budgetary constraints and continue to maintain our low registration fees. C3 clients receive a special discount off the current registration fees.

4. Outstanding networking opportunitiesOne of the biggest factors that differentiates our conference from others is the intimate setting. You will have access to our speakers, which include attorneys from well-recognized law firms, expert consultants, and your fellow compliance professionals. You will also have the opportunity to join peer groups to meet with like-minded firms and see where you stand compared to others in the industry.

5. Meet service vendors in our industryJoin us in Vaquero D ballroom and meet with service providers that can assist you in your day-to-day operations and responsibilities as an investment manager. Knowledgeable representatives will be available to answer your questions about their services and provide demonstrations of their products.

WHY SHOULD YOU ATTEND THIS

CONFERENCE?

YOU’LL LEARN FROM THE BEST IN THE INVESTMENT MANAGEMENT INDUSTRY

CONFERENCE AGENDA

KEEP UP WITH LATEST CONFERENCE NEWS

Wednesday, October 28, 2015

12:00pm-1:00pm Pre-Conference Workshop Registration

1:00pm-1:15pm Opening Remarks

1:15pm-2:30pm Current SEC Examination Priorities

The SEC staff’s current examination priorities include cybersecurity, fees and expenses, conflicts of interest, and marketing and performance. While several of these topics will be addressed in more detail during later sessions, this panel will highlight the areas examiners are particularly interested in and why. Panelists will also discuss recent relevant enforcement actions relating to exam staff focus areas.

2:30pm-3:30pm Email Surveillance - Lessons from the ARC

ACA’s Analysis and Review Center (ARC) was established to conduct electronic communications reviews on behalf of ACA’s investment adviser clients. Having conducted reviews for more than 150 advisory firms, the ARC team members have comprehensive expertise in email surveillance. They’ll be on hand, along with an email “hacking” expert, to discuss the risks of using email, the most common mistakes employees make when sending emails, and how compliance professionals can conduct efficient and relevant email searches.

3:30pm-4:00pm Exhibitor Preview Break

4:00pm-5:00pm CHOOSE ONE OF THE FOLLOWING:

Private Funds - Focus on Fees and Expenses

The SEC staff continues to focus its examination and enforcement efforts on the improper calculation of fees charged to clients and the misallocation of expenses, particularly by hedge fund and private equity fund managers. This session will discuss the SEC staff’s recent findings and enforcement cases relating to fees and expenses, as well as steps compliance professionals can take to help minimize their risk.

Portfolio Management Books and Records

Investment advisers are often cited by the SEC for failing to maintain research and due diligence files, as well as failing to document efforts to ensure that client accounts are treated fairly and managed in accordance with guidelines and restrictions. Unfortunately, there’s no easy way to document the portfolio management process. This panel will provide solutions, as well as ways advisers can demonstrate that investment recommendations are suitable, investment opportunities are allocated fairly, and the firm has developed appropriate investment risk management guidelines.

5:30pm-7:30pm Welcome Reception

Thursday, October 29, 2015

Representatives from six ACA Compliance Group divisions will be available for complimentary 30-minute meetings between 7:30am and 5:30pm. Please select appointments during the online registration process.

7:30am-8:30am Registration/Breakfast

8:30am-8:45am Opening Remarks

8:45am-9:30am Keynote Address

9:30am-10:45am Enterprise Risk Management for Asset Managers – Lessons From Industry Practitioners

The concept and discipline of Enterprise Risk Management - viewing risk from a firm-wide perspective - is in its infancy at many asset managers. Even larger, more established managers may take a siloed approach to managing and addressing individual risks. The SEC’s expectations of asset managers in this area continue to evolve with a focus on the governance, systems, and processes that managers have established to manage risks holistically. While there is no “one size fits all” model, this panel will include risk practitioners from various asset managers to explore practical considerations when building, maintaining, and enhancing enterprise risk management programs.

10:45am-11:00am Coffee Break

11:00am-12:00pm Cybersecurity Breakout Sessions

Earlier this year, the SEC’s Division of Investment Management released a written Cybersecurity Guidance report on the heels of the summary report issued by the agency’s examination staff. Regulators from the DOJ, FINRA, and the FCA have also issued similar guidance. There is a lot of information to absorb in these reports, and regulators have made it very clear that they will continue to focus on cybersecurity for the foreseeable future. Join one of our Cybersecurity Breakout Sessions to discuss current best practices and cybersecurity risk areas with your peers. Each session will be led by a cybersecurity expert from ACA Aponix who will answer questions and help attendees understand the various strategies firms can employ to prevent, detect, and respond to cybersecurity threats.

Select a Session: • Firms that utilize external IT providers and service primarily retail clients and investors • Firms that utilize external IT providers and service primarily institutional clients and investors • Firms that rely primarily on internal IT staff

12:00pm-1:00pm Buffet Lunch

1:30pm-2:30pm Disclosing Conflicts of Interest - How Much Is Enough?

The Investment Advisers Act of 1940 is generally viewed as a disclosure statute – only through adequate disclosure can advisers ensure investor protection and compliance with the anti-fraud provisions of the Advisers Act. Recently, a number of SEC enforcement cases have reinforced this concept, and failure to disclose conflicts of interest is high on the regulator’s radar. Our panel of experts will discuss regulatory expectations, best practices, and common missteps advisers make when preparing disclosure statements.

[Continued]

CONFERENCE AGENDA

KEEP UP WITH LATEST CONFERENCE NEWS

Thursday, October 29, 2015

2:40pm-3:40pm CHOOSE ONE OF THE FOLLOWING:

Investment Risk Management for CCOs

Understanding investment risk is critical to achieving investment returns. However, for a compliance professional without a strong background in finance, analyzing investment risk might seem as daunting as reading the U.S. tax code. This session will help by providing an overview of basic investment risk topics, including stress testing, index tracking errors, and common quantitative risk metrics.

Performance Calculations and Reporting - Challenges for Private Fund Managers

Providing performance metrics to current and prospective fund investors is standard practice in the investment management industry. Given the importance investors place on this information, it is imperative that data be presented accurately and include all requisite disclosures. This session will focus on the performance calculation issues unique to hedge funds and private equity funds, including IRR calculation, the treatment of fees and expenses, net versus gross returns, the GP impact on net-of-fees returns, and associated disclosures.

3:40pm-4:00pm Exhibitor Preview Break

4:00pm-5:00pm CHOOSE ONE OF THE FOLLOWING:

Anti-money Laundering Programs for Investment Advisers

Many banks and broker-dealers will not do business with advisers that have not established a formal anti-money laundering program, even though there is not an SEC requirement that investment advisers do so. This session will provide an overview of industry best practices when it comes to the prevention of money laundering, as well as controls and procedures all advisers should consider beyond checking the OFAC List.

Operational Due Diligence - Industry Best Practices

Custody, trading, accounting, valuation, and governance are just a few of the many areas typically considered by large institutional investors when conducting due diligence reviews of investment managers. But what internal controls do such investors really value, and what practices do they view as problematic? Join our panel of institutional investor representatives and consultants for practical tips and guidance on surviving operational due diligence reviews.

5:30pm-7:30pm Networking Reception

Friday, October 30, 2015

6:45am-7:45am Complimentary Yoga Session (yoga mats, towels and water provided)

7:30am-8:30am Breakfast

8:30am-9:30am Peer Group Breakout Sessions

Join one of our Peer Group Breakout Sessions for an interactive and informal discussion of various compliance issues and concerns. Come prepared with questions of your own and get feedback and recommendations from fellow compliance professionals. Members of the media and regulators are not permitted to attend.

Select a Session: • Private Equity Managers • Hedge Fund Managers • Diversified Financial Investment Managers

9:40am-10:40am CHOOSE ONE OF THE FOLLOWING:

Performance Calculation and Reporting - Mitigating Regulatory Risk

The SEC keeps a watchful eye on how advisers state performance returns - particularly in their marketing materials. This session will provide an overview of the regulatory risks associated with calculating and reporting performance returns. Topics covered will include misrepresentations in calculation methodology, recordkeeping, policies and procedures, and the dissemination of marketing materials.

Investment Company Hot Topics

Join our panelists for a discussion on the latest issues affecting investment companies and their advisers, including SEC inspection and enforcement initiatives, and what’s in store for the coming year.

10:40am-11:00am Exhibitor Preview Break

11:00am-12:00pm Managing an Exam From an Examiner’s Perspective

Join our panel of former SEC examiners as they discuss how an SEC examination looks from the other side of the table. Topics will include document production, interviews with advisory personnel, and what goes into the comment letter.

12:00pm-12:15pm Closing Remarks

NOTE:

– Workshop session and peer group roundtables are closed to media and regulators.

– Schedule subject to change. Please visit ACA’s website for the most up to date conference information.

ACA Compliance Group has partnered with to provide an interactive mobile app to conference attendees. The app will allow attendees to create their own agenda,

download presentations, and network with colleagues during the conference.

ACA Compliance Group is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors,150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. www.nasba.org.

www.acacompliancegroup.com

MAY 4-6, 2016 BOCA RATON, FL

ACA’S SPRING 2016 COMPLIANCE CONFERENCE

Shouldn’t you be reading what other chief compliance officers, attorneys and even regulators have told us they consider the best compliance newsletter for investment advisers?

For more than 10 years, ACA Insight has been the recognized leader in providing advisers with news, analysis and best practices to help them stay on the right side of the law and regulations.

Visit us at www.acainsight.com to see for yourself.

REGISTER NOW Conference Only Workshop + Conference

EARLY BIRD REGISTRATION before August 14, 2015

$1,350 $1,600

REGULAR REGISTRATION after August 14, 2015

$1,500 $1,750

LATE REGISTRATION after September 30, 2015

$1,650 $1,900

As always, ACA’s C3 clients will receive a special discount off the current registration rate. Important: Please contact Susan Parsons at sparsons@acacompliancegroup.com for your discount code. If you do not enter the discount code when registering, you will not receive a discount.

CONFERENCE LOCATIONHyatt Regency Resort & Spa at Gainey Ranch, Scottsdale, AZ

HOTEL RESERVATIONSThe host hotel is sold out! Below are a few other hotel options in the area.

Hyatt Gainey Suites Hotel 7300 E.Gainy Suites Drive Scottsdale, AZ 85258 (480) 922-6969

The Scottsdale Plaza Resort 7200 N.Scottsdale Road Scottsdale, AZ 85253 (480) 948-5000

Hampton Inn & Suites Phoenix/Scottsdale 16620 N. Scottsdale Road Scottsdale, AZ 85254 (480) 348.9280

For registration questions or more information regarding refund, cancellation, or complaint policies, please contact Susan Parsons at sparsons@acacompliancegroup.com or 1-973-631-1085.