What the FICCA? 7 tips for reading a service organization control report

What the FICCA? 7 tips for reading a service organization control report

Speaking at NICSA’s General Membership Meeting in Boston on September 11 -- in a session moderated by Eaton Vance’s Eileen Storz-Salino -- Suzanne Nersessian and Stephanie Roche of Deloitte provided an overview of the control reports used in the fund industry, including the Financial Intermediary Controls and Compliance Assessment prepared by firms providing omnibus recordkeeping services.

Staying connected with fund shareholders | 5 must-haves for staying in touch

Staying connected with fund shareholders | 5 must-haves for staying in touch

Read as representatives from Georgeson, Prudential and UPRR explained, speaking on a panel at NICSA’s General Membership Meeting, that a successful program for keeping shareholder property from becoming lost must have these 5 components.

Hot or Not? | 8 issues that keep compliance pros up at night

Hot or Not? | 8 issues that keep compliance pros up at night

At NICSA’s General Membership Meeting, held in Boston on September 11-12, representatives from Janus Capital Group, State Street and the Enforcement Division of the Securities and Exchange Commission compared notes about what’s hot -- and what’s not -- on their agendas. Here are the 8 issues that they collectively agreed were top priorities:

UCITS V | Remuneration, what’s your function?

UCITS V | Remuneration, what’s your function?
The new UCITS V directive was prompted in part by the Madoff scandal, which affected those invested in UCITS with exposure to Madoff feeder funds. As a result, EU regulators have focused greater attention on investor protections, including performance-linked compensation of asset managers.

Blue Sky | 12 rules of the road to transfer agent control

Blue Sky | 12 rules of the road to transfer agent control

This sea change in the approach to Blue Sky is understandable given that the majority of required knowledge resides on the operational side. But, according to a trio of experts from Boston Financial, Alliance Bernstein, and PwC on a recent Broadridge-sponsored NICSA webinar, a successful transition requires special focus in 3 areas: governance, control and oversight.

Test your knowledge | NICSA Transfer Agent Compliance Guide

Test your knowledge | NICSA Transfer Agent Compliance Guide

Test your transfer agent compliance knowledge. How familiar are you with the regulations governing transfer agent operations? Take this short quiz to find out!

4 ways to mitigate unclaimed property risk

4 ways to mitigate unclaimed property risk

This guest post was submitted by Valerie M. Jundt, Managing Director of Keane’s Consulting and Advisory Services, who moderated a panel at the 2014 NICSA Strategic Leadership Forum entitled “Unclaimed Property Compliance & Enforcement Update.”

Ignites Feature | Simplified Omnibus oversight framework helps COOs

Ignites Feature | Simplified Omnibus oversight framework helps COOs
The quick transition to omnibus accounting has caused a major shift within the fund industry for over two decades. And the rapid change has caused confusion on how fund directors and managers should oversee omnibus recordkeepers.

Cybersecurity | A different kind of risk management

Cybersecurity | A different kind of risk management
This guest post was contributed by NICSA’s Compliance and Risk Management Committee. One of the challenges in implementing an effective Risk Management Program is bridging the gap between the theoretical and the practical. 

Fund industry needs SEC guidance on intermediary oversight

Fund industry needs SEC guidance on intermediary oversight

In a BoardIQ article published in mid-December, NICSA President Theresa Hamacher argues for more SEC guidance on intermediary oversight. With approximately 80% of assets at fund complexes held in intermediary-run omnibus accounts, oversight has become a key risk management issue. Trouble is, there’s little consensus on how to get it done right.

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