Investment Management Operations21
SEC and Investment Company Act rules governing registered investment advisers and investment companies — including custody, distribution fees, codes of ethics, and derivatives use.
Requirements in this framework
- Affiliated Transaction Restrictions
- Annual Surprise Examination
- Best Execution Obligation
- Borrowing and Leverage Limits
- Code of Ethics and Personal Trading
- Custody Rule Requirements
- Derivatives Risk Management Program
- Distribution Fees and 12b-1 Plans
- Fair Value Determination
- Fee Billing and Expense Accuracy
- Fund Board Governance and Oversight
- Fund Compliance Program and CCO
- Fund Registration and Reporting
- Investment Advisory Contract Approval
- Liquidity Risk Management Program
- Net Asset Value Calculation
- Portfolio Holdings Disclosure
- Proxy Voting Responsibilities
- Service Provider Oversight
- Soft Dollar Arrangements
- Trade Allocation Fairness