Proposing Best Practices for SAS 70
Recently, senior executives at asset management firms began discussing the issues associated with SAS 70 compliance. Accordingly, several members of the AMF Senior Executives Group (also known as the COO Group) have developed a working draft document that will serve as a basis for developing best practices toward a standard SAS 70 for asset management firms. This proposed base document will be discussed at a Senior Executive Meeting in Boston on November 4, 2004.
Click here to view the "AMF Working Draft Scope toward a Standard SAS 70 for Asset Managers"
The Senior Executives Group is a group established for individuals at the Chief Officer level (COO, CEO, CCO, CFO, etc.) at asset management firms. If your firm is interested in participating in the Senior Executives Group, please contact Joseph Sack, Executive Director of the Group.
1) Conference Call on Electronic Trading Platforms Survey
Each year, The Bond Market Association collects and publishes information on the development of electronic trading and related technologies in the U.S. and European fixed-income markets. Through this survey, TBMA is seeking information about both single-dealer and multi-dealer platforms. This year, TBMA is expanding its survey to include the opinions and views of investors and dealers as well as platform vendors.
Before the survey is published, the AMF invites industry comment on the Buyside Electronic Trading Platform Survey. Specifically, does the survey address the important information that you, the industry value? Please review the survey (link provided below) and offer your comments/input on a special purpose industry conference call. In addition to discussing the industry survey, participants on the conference call will receive a status update on any relevant regulatory actions regarding the hedge fund industry. Please see call-in information below:
Click here to view TBMA Electronic Trading Platforms Survey for Asset Managers
Date of Conference Call: Tuesday, October 26, 2004
Time: 4 p.m. Eastern
Conference Call Phone Number: (888) 428-4479
Conference Call ID: 752822
2) Inside Look into the SEC's Examination of the Hedge Fund Industry: Conference Call
On October 26, 2004, the SEC will consider whether to require hedge fund advisers to register with the Commission. The Commission also will consider whether to adopt certain conforming and transitional amendments to current rules and to Form ADV in regard to this matter. The staff of the AMF Senior Executives Group will be at the meeting to monitor developments and to report back to the industry. Following the SEC meeting, the AMF staff will travel back to its New York office and host an industry-wide "special purpose" conference call. During the conference call, industry participants will have an opportunity to hear about the decisions made by the Commission. In addition, during the call, participants will have an opportunity to express their interests relating to information on electronic trading platforms. (For more details on the electronic trading platforms, please see the article above). The call-in information is provided below:
Date of Conference Call: Tuesday, October 26, 2004
Time: 4 p.m. Eastern
Conference Call Phone Number: (888) 428-4479
Conference Call ID: 752822