The Back Office - Weekly Update (8/20/23)

Welcome! This week’s news and views below:

• Driving Forces Behind Middle-Office Outsourcing (ssctech.com)

• Citco Monthly Hedge Fund Update - July 2023 - Citco

• Where Correlation Fails | State Street

• Embedded Trade Finance: Optimizing Support in Challenging Times (bnymellon.com)

• Elevate the client experience with a focus on values | SEI (seic.com)

• The future fund model needs global perspective - Intertrust Group

• Fund Administration in 2023: An Overview of Everything Impacting Your Fund Admin This Year - STP Investment Services (stpis.com)

• United States Issues New Executive Order that Begins Rulemaking Process to Impose Regulations on Certain Outbound Investments in Identified “Countries of Concern” including China, Hong Kong and Macau - Seward & Kissel LLP (sewkis.com)

• SEC Reopens Comment Period for Proposed SBS Rule | Jones Day

• The SEC and FCA: A Pond, 362 Investigations and $4 Billion in Penalties Apart | Akin Gump Strauss Hauer & Feld LLP

• S&C Publication: PDA Proposed Rules | Sullivan & Cromwell LLP (sullcrom.com)

• FRB Clarifies Supervision of Digital Assets and Bank-Fintech Partnerships | Global Fintech & Digital Assets Blog (fintechanddigitalassets.com)

• Cabinet News & Views (cadwalader.com)

• California Federal Court Denies Motion to Compel New Era ADR Arbitration; Questions Remain on Unmanageability of Mass Actions | Insights | Sidley Austin LLP

• Loan Purchase Activities: Legal Lending Limit Guidance From the OCC | Insights & Resources | Goodwin Procter (goodwinlaw.com)

• Kleinberg Kaplan’s Joshua Bromberg Quoted in Bloomberg Tax Regarding Effectiveness of Bill Intended to Uncover LLC Owners | Kleinberg Kaplan (kkwc.com)

• Maintaining Quality Investment Performance Measurement and Reporting Amid Increased Pressure | ACA Group (acaglobal.com)

• Mistakes To Avoid When Choosing A Compliance Partner (vigilantllc.com)

• Improving the AR regime: Five questions every AR should ask their principal - IQ-EQ (iqeq.com)

• Ask the Expert: Why Companies Should Use a Registered Agent – CSC (cscglobal.com)

• Room for improvement in financial services cybersecurity training – Global Relay Intelligence & Practice

• 2023 MBA Compliance and Risk Management Conference - Trending Compliance Issues - Treliant

• Private Equity’s Woes Spur Rise in NAV Loans — And Managers Offering Them (institutionalinvestor.com)

• Quarterly Regulatory Update August 2023 | Broadridge

• Fundraising News (dakota.com)

• Bloomberg enhances offering with new FX pricing quality tools - The TRADE (thetradenews.com)

• CME Realigns Foreign Exchange Businesses - Traders Magazine

• What to Know About the Form PF Reporting Changes » Arcesium

• Will the Decline in Futures Commission Merchants Reverse Soon? (iongroup.com)

• Best Practices in Fund Compliance - Capital Allocators with Ted Seides

• Culture Wars – Regulators take zero-tolerance stance on the culture behind non-compliance (globalrelay.com)

• The Great Resignation Continues to Impact How Hedge Funds Approach IT Support - Agio

• Five Key Takeaways from Black Hat 2023 | Darktrace Blog

• Policies and Procedures Manuals for SEC Registered Firms | MTradecraft

• A Guide to Monitoring and Maintaining Surveillance Controls (steel-eye.com)

• Unleashing the Power of Data: Maintaining a Robust Data Strategy - Lionpoint (lionpointgroup.com)

Thanks for reading,

-B.O.G