TUESDAY MARCH 19, 2024
Times are listed in Eastern Daylight Time. Times, order and format are subject to change
9:10am - Panel one | A spotlight on compliance
This panel will shine a light on compliance costs associated with SEC rulemaking, covering key reforms including the custody rule, dealer definition and predictive analytics rule. Industry practitioners will address the operational and commercial impacts associated with the proposals and offer a perspective on whether the SEC’s own cost benefit analysis is meaningful or accurate. It will consider what firms can do to best position themselves in light of the changes.
10:30am - Breakout sessions
SESSION A | Navigating the UK regulatory framework post-Brexit
In this session we will explore the post-Brexit landscape for hedge fund managers operating and doing business into the UK and highlight some of the key regulatory changes and trends coming out of the post-Brexit reforms. In particular, we will delve into the Edinburgh Reforms, market developments, FCA outreach and enforcement trends, cross-border fund marketing and ESG.
SESSION B | Cayman Islands regulatory update including in relation to beneficial ownership and corporate governance
In this session we will provide an update on the Cayman Islands regulatory landscape with a particular focus on corporate governance and the upcoming changes to the beneficial ownership regime.
SESSION C | Trends in SEC Examinations
To help managers better understand the complete picture when it comes to SEC examinations, Silver’s CEO, Fizza Khan, will be addressing the below key themes in this breakout session:
- Overview of SEC Exam Priorities in 2024
- What to expect in an SEC Examination
- Form ADV as a Roadmap
11:25am - Panel two| Private Fund Advisor Rule
The SEC’s Private Fund Adviser Rule represents a sweeping set of changes that will have a significant impact on private funds and private fund advisers, including those not required to be registered with the SEC. The rule’s numerous new and amended provisions rewrite the terms of business for private fund management, modifying disclosure and transparency requirements and prohibiting certain activities regardless of disclosure, in addition to numerous other prescriptive obligations. This session will explore the impact of the changes on the fund management industry and highlight key practical challenges for firms.
12.10pm - Panel three | Market structure
This session will address the cumulative impact of the SEC’s work to overhaul reporting rules (including in respect of short positions, securities lending and securities-based swaps) as well as slated changes to market structure requirements including changes to the tick size regime and rules on clearing of Treasury contracts. It will consider what the changes mean for investment strategies and compliance programs of asset management firms.
12:55pm - Lunch break
1:10 - 1:35pm Lunchtime briefing: Geopolitical wildcards for 2024 | Navigating uncharted waters
With the world focused on Russia's invasion of Ukraine, the Israel-Gaza conflict and US-China tensions, this session delves into the lesser-known, low-probability but high-impact events poised on the periphery of our collective foresight. These geopolitical wildcards, often overlooked amidst more immediate concerns, hold the power to change history, disrupt markets, and create risks - and opportunities - for businesses and investors alike.
1:45pm - Panel four | Sustainability
The debate about how to craft rules addressing sustainability practices of asset managers has become increasingly polarised, with distinct policy ambitions underlying approaches in different regions of the world. This session will shine a light on key developments, regional differences and the associated compliance challenges for asset managers. It will also look at the wider landscape of ESG rules, including corporate disclosure requirements.
3:10pm - Breakout sessions
SESSION D | Private Investment Funds Under Increased National Security Oversight: New Executive Orders & Expanded CFIUS Scrutiny
SESSION F | Trends in insider trading enforcement
During this session, Philip Moustakis and Noelle Indelicato, Seward & Kissel, will discuss why it may be time to take a fresh look at existing policies, procedures, and practices in light of recent developments in insider trading enforcement
4:00pm - What happens when the worst happens: navigating through an enforcement action
Despite best efforts and intentions, a firm or its employees may be ensnared in an enforcement matter. From that first regulatory contact with you through each step forward, everything said or done matters. How you manage communications, any actions you may take, and your regulatory responses all are critical to the outcome – and your firm’s survival.
4.30pm - Panel five | Financial stability
Financial stability and the topics of liquidity risk management and risks related to the use of leverage are high on the agenda of global and regional supervisory bodies, following COVID-19-related market events. This session will review the work undertaken by the Federal Reserve Board, the Financial Stability Board (FSB), the International Organization of Securities Commissions (IOSCO), the European Systemic Risk Board and other regional and local supervisory authorities and policymakers.
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