Investment Companies

Investment Companies

Among the challenges facing funds is the ability to maximize the compliance capabilities of limited resources while minimizing the impact to shareholders. SEC3 provides expert resources and support to fund Chief Compliance Officers and Boards to bridge the resource gap. We align our efforts with the CCO and share in the commitment to the shareholders.

SEC3 offers an extensive suite of customizable compliance services for Investment Companies, on either a one-time or recurring basis depending on your needs.


Investment Companies

The scope of what should be included in compliance programs is ever-expanding, but the resources are scarce. Among the challenges facing funds is the ability to maximize the compliance capabilities of limited resources while minimizing the impact to shareholders. This is the common resource gap that separates proactive compliance programs from those that may leave shareholders open to risk. SEC3 provides expert resources and support to fund Chief Compliance Officers and Boards to bridge the resource gap. We align our efforts with the CCO and share in the commitment to the shareholders.

SEC3 offers an extensive suite of customizable compliance services for Investment Companies, on either a one-time or recurring basis depending on your needs.

Examples of potential services include, but are not limited to:

  • Annual Compliance Reviews
  • Compliance Program Evaluation Assistance
  • Risk Assessment and Gap Analysis
  • Compliance Testing and Analysis
  • Mock SEC Examinations
  • AML Review
  • Compliance Training
  • Customized Compliance Services

Additional information about some of these services is outlined below.

Annual Compliance Review

The Compliance Rule requires each fund to review its policies and procedures, and the policies and procedures of the fund’s service providers, at least annually, to determine their adequacy and the effectiveness of their implementation. In Annual Compliance Review services, SEC3 can assist Chief Compliance Officers in every phase of the annual review process, from formulating a strategic plan, to conducting thorough assessments and testing of all aspects of the compliance program, to planning for next year’s review. SEC3’s Annual Compliance Review allows funds to maximize available resources by fulfilling specific elements or the entire scope of the regulatory obligation. The Annual Compliance Review can conclude with a customizable, easy to read report and action plan.

Compliance Program Evaluation Assistance

Assessing the adequacy of an adviser’s or service provider’s compliance program is critical for a fund. With Compliance Program Evaluation Assistance, SEC3 can assist a fund’s Chief Compliance Officer and Board in fulfilling their due diligence in assessing compliance programs. SEC3 can assist in the evaluation of the comprehensiveness and adequacy of a compliance program or the most recent annual review of a compliance program. Compliance Program Evaluation Assistance also extends to providing the Chief Compliance Officer or the Independent Directors with an independent, second opinion of an adviser’s or fund’s annual review approach, methodology, and follow-up measures.

Other customized services include:

  • Reviews of 15(c) Reports from Advisers
  • Sub-Adviser Due Diligence & Monitoring Review
  • Support Activities of the Chief Compliance Officer
  • Reviews of Service Provider Policies and Procedures
  • Custom Reviews and Analysis for Board of Directors/Trustees
  • Specialized Training to Board of Directors/Trustees