OCIE Gives Advisers a Heads-Up About Its Latest Sweep Examination Initiative

Last week, OCIE published a National Exam Program Risk Alert highlighting the staff’s focus on advisers’ responsibility to act consistently with their clients’ best interests. According to OCIE, its latest sweep examination, the “Share Class Initiative,” will “address the risk that registered advisers may be making certain conflicted investment recommendations to their clients.” Like other […]

CFTC Grants One-Year Extension to DTCC-SWIFT LEI Order

The extension is important as it facilitates more time for the global LEI system to become fully operational. The US Commodity Futures Trading Commission (CFTC) has opted to lengthen an order of a joint DTCC-SWIFT utility, which manages and provides legal entity identifiers (LEIs), which will see the groups’ designation extended another year, according to […]