The Back Office - Weekly Update (3/26/23)

Welcome! This week’s news and views below:

• Audit & Tax

  • Asset management trends: A return to consolidation | Grant Thornton

  • How hedge funds achieve alignment with investors (rsmus.com)

  • Mail Theft and Fraud and SARs…“Oh My!” FinCEN Alert on Mail Theft and SAR Requirements | CLA (CliftonLarsonAllen) (claconnect.com)

• Administration

  • 10 Considerations for Choosing a Hybrid Credit Fund Platform (ssctech.com)

  • Superomnibus Subaccouting: Breaking Down Barriers for Broker-Dealers (ssctech.com)

  • Enhance Your Investor Relations Experience with Automated Onboarding (ssctech.com)

  • State Street confirms CF Global acquisition - Global Custodian

  • Speaking of Alpha: Shaping the Future of Data Management | State Street

  • Digital Assets: The Beginning of the End, or the End of the Beginning? | State Street

• Legal

  • In S&P Global Market Intelligence, Joshua Lichtenstein Discusses Tailored ESG Messaging for Investment Advisors | Ropes & Gray LLP (ropesgray.com)

  • SEC Proposes Amendments to Regulation S-P (sewkis.com)

  • SEC Proposes New Cybersecurity Requirements for Certain Market Entities and Reopens Comment Period for Proposed Cybersecurity Rules for Registered Advisers and Funds (sewkis.com)

  • Our Next Feature Attraction: Securities & Exchange Commission v. Coinbase, Inc. (sewkis.com)

  • Parsing The New Enforcement Moment At SIFMA Conference (friedfrank.com)

  • SEC Charges Issuer for Misleading Non-GAAP Disclosures Related to M&A (friedfrank.com)

  • From providers to partners: a new era of vendor relationships in private capital - Intertrust Group

  • Hybrid funds: how to address problems before they start - Intertrust Group

  • Changing of the Guard? SEC Proposes Significant Amendments to the Safeguards Rule | Insights | Holland & Knight (hklaw.com)

  • 2022 Annual M&A/PE Review and 2023 Forecast | Jones Day

  • SEC proposes sweeping new package of cybersecurity requirements for regulated market participants | Davis Polk

  • Mourant: Law Firm | Carrying on business in the Cayman Islands

  • SEC Proposes Expansion of Custody Rule Safeguards for Investment Advisers | Insights | Skadden, Arps, Slate, Meagher & Flom LLP

  • Central Banks Band Together for U.S. Dollar Liquidity | Cadwalader

  • Multi-fund, multi-asset GP-leds see growing interest | News | Kirkland & Ellis LLP

  • 11 Unsung Heroes of Silicon Valley’s Banking Crisis // Cooley // Global Law Firm

  • S&C Publication: SEC Proposes New Cybersecurity Rule and Regulation S-P and SCI Amendments (sullcrom.com)

  • Webcast 2023-03-22 (ATX/NY) Liability Management | RSVP Form (Blank/Generic) (lwcommunicate.com)

  • Cabinet News & Views (cadwalader.com)

• Compliance & Regulation

  • 5 Tips for Success When Appointing a Private Equity Fund Administrator - Waystone

  • Enhanced Disclosures Proposed for Order Execution Information | ACA Group (acaglobal.com)

  • Regulatory Update – March 2023 Edition | ACA Group (acaglobal.com)

  • Tip for Updating Your Compliance Program: Identity Theft Red Flag Rule | ACA Group (acaglobal.com)

  • SEC Increase On Recordkeeping For Exams | Brian Dillon’s Insights (vigilantllc.com)

  • Prepare for More On-Site SEC Exams in 2023 (vigilantllc.com)

  • IQ-EQ poll finds fear of greenwashing is top reason holding back ESG investing (iqeq.com)

  • Legislative Developments 3-20-2023 – CSC (cscglobal.com)

  • Make Sure You’re Working with the Latest Judicial Decisions Impacting Delaware Business Entity Law – CSC (cscglobal.com)

  • What went wrong with Wirecard? – Global Relay Intelligence & Practice

  • Federal Reserve Board - Federal Reserve Board releases annual audited financial statements

  • Important details to understand when the IRS might contact a taxpayer | Internal Revenue Service

  • SEC.gov | SEC Charges Financial Adviser for Misappropriating More Than $1 Million From Current, Former NBA Players

  • CFTC Orders Puerto Rico Commodity Pool Operator to Pay $150,000 for Supervision and Reporting Violations | CFTC

  • CFTC Revokes Registrations of Allianz Global Investors US LLC | CFTC

• Investors & Marketing

  • Canada's AIMCo Breaks the Mold With Abu Dhabi Office Plans (GlobalSWF) Global SWF

  • Norway’s Sovereign Wealth Colossus Makes Its Third Big Renewables Acquisition (GlobalSWF) Global SWF

  • Mubadala Ramps Up Private Credit Exposure (GlobalSWF) Global SWF

  • The End of the Fed's Tightening Cycle Nears - Cambridge Associates

  • This Hedge Fund Lost Big Last Year — But That Didn’t Scare Investors Away | Institutional Investor

  • The Secret Role That Consultants Play at Pension Funds | Institutional Investor

• Operations & Trading

  • Credit Suisse: How it started, how it’s going... - The TRADE (thetradenews.com)

  • Fireside Friday with… SteelEye’s Matt Smith - The TRADE (thetradenews.com)

  • The data & analytics race: How to win in a future determined by historic data - The TRADE (thetradenews.com)

  • SIFMA Welcomes Proposed Submission of Electronic SEC Filings - Traders Magazine

  • FLASH FRIDAY: Assessing the SEC's Equity Market Structure Proposals - Traders Magazine

  • How Technology Can Help The Wealth Management Industry Navigate Coming Changes In 2023 | Blog - Everest Group (everestgrp.com)

• Technology

  • Register for Global Relay's Webinar: SVB crash, contagion, and reform

  • New Rule 10 to address cybersecurity in US | Blog | Global Relay

  • Amadey Info-Stealer: Exploiting N-Day Vulnerabilities to Launch Information Stealing Malware - Darktrace Blog

  • Multi-Factor Authentication: Not the Silver Bullet - Darktrace Blog

  • SteelEye implements ChatGPT in its Integrated Surveillance platform (steel-eye.com)

  • The ABC of Unmonitored & Unauthorized Communication Channels (steel-eye.com)

  • Combining Speech-to-Text AI and Human Effort to Create Bespoke Transcriptions | by Tom Zhang | Mar, 2023 | Kensho Blog

Thanks for reading,

-B.O.G