The Back Office - Weekly Update (4/16/23)

Welcome! This week’s news and views below:

• Audit & Tax

  • Asset managers get a digital boost | Grant Thornton

  • We May Never See a Better Environment for Transferring Wealth … Here’s Why | BDO

  • Tax technology for investment partnerships (rsmus.com)

  • Venture Debt: The Rising Interest in Alternative Financing for Startups | CLA (CliftonLarsonAllen) (claconnect.com)

  • Key Considerations for Starting a Fund - Anchin, Block & Anchin LLP

• Administration

  • SEC Proposed Form PF Changes: How to Prepare for 2023 (ssctech.com)

  • 2022 Citco Fund of Hedge Fund Update - A Year in Review - Citco

  • U.S. Economic Outlook, April 2023 | Northern Trust

• Legal

  • SEC Settles Charges Against Investment Adviser for Improper Fixed Income Securities Trading (sewkis.com)

  • NFA Compliance Rule 2-51: Requirements for Members and Associates (friedfrank.com)

  • Five fund management trends for 2023 - Intertrust Group

  • SEC & CFTC Enforcement Update | Davis Polk

  • Mourant: Law Firm | Global Geo-Politics: Taking Stock - An Update

  • Investment Management Update | Insights | Skadden, Arps, Slate, Meagher & Flom LLP

  • Cabinet News & Views (cadwalader.com)

  • NFA Establishes Rule for Members Engaging in Digital Asset Activities, Including in the Spot Market | Insights | Sidley Austin LLP

• Compliance & Regulation

  • SEC Proposed Order Competition Rule | ACA Group (acaglobal.com)

  • Tip for Updating Your Compliance Program: Prohibited Transaction Exemption | ACA Group (acaglobal.com)

  • White Paper: 4 Myths About Cybersecurity Portfolio Oversight | ACA Group (acaglobal.com)

  • Firm Pays $20 Million for Improper Securities Trading (vigilantllc.com)

  • Back office best practices in private equity (iqeq.com)

  • Global Subsidiary Management: Top Considerations for Expanding into EMEA and APAC – CSC (cscglobal.com)

  • FTX could relaunch following asset recovery – Global Relay Intelligence & Practice

  • Remarks by Governor Bowman on the consequences of fewer banks in the U.S. banking system - Federal Reserve Board

  • IRS releases fiscal year 2022 Data Book describing agency’s activities | Internal Revenue Service

  • SEC.gov | SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and Provides Supplemental Information

• Investors & Marketing

  • ADIA Presses Ahead with Multi-Billion Take-Private Strategy (GlobalSWF) Global SWF

  • Where Family Offices See Investment Opportunities | Institutional Investor

  • NJ DOI Appoints Head of Private Credit (dakota.com)

• Operations & Trading

  • FDC3 Workflows to Unify the Financial Desktop - FlexTrade Systems » FlexTrade Systems

  • There is no such thing as zero touch trading - The TRADE (thetradenews.com)

  • Evergreen Services: The New Age Answer To Capex Crunch | Blog - Everest Group (everestgrp.com)

• Technology

  • What the SEC’s Proposed Changes to Reg S-P Mean for Your Firm - Agio

  • Shift to Outsourcing to Counter Risks of Work-From-Anywhere (agio.com)

  • Employees and Email: How Considering User Experience Strengthens Email Security - Darktrace Blog

  • Majority of financial services firms report increased compliance expenditure – survey finds (steel-eye.com)

Thanks for reading,

-B.O.G