SEC Rule 18f-4: Answering the Big Questions

Recorded On: 09/16/2021

Amid an evolving regulatory environment, asset management industry professionals are focused on SEC Rule 18f-4,a modernized regulatory framework for the use of derivatives by funds. Our panel of experts featuring IHS Markit, the SEC, and the Mutual Fund Directors Forum, will discuss the 5 big questions we’re hearing from Chief Risk Officers and Chief Compliance Officers and how they relate to your firm.

Learning objectives:

1) What has changed and what is required by funds to comply on derivatives exposure?

2) Why have these rules been implemented?

3) What approaches to Value-at-Risk should be used?

4) How to prepare historical and hypothetical stress scenarios?

5) What Benchmarks and market data are needed?

6) What responsibilities fall to fund boards?

Sponsored By:

CPE INFORMATION:
NICSA is pleased to offer this webinar learning activity to attendees who are seeking CPE credits. 1 CPE unit may be available for attendees of this webinar. The webinar requires no advanced preparation, no pre-requisite study and is appropriate for all who have a basic understanding of the investment management industry.

NICSA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

CPEs Earned: 1
CPE Field of Study: Regulatory Ethics
Program Level: Basic
Delivery Method: Group-Internet Based
Advanced Preparation: None

CANCELLATIONS AND REFUNDS:
Due to this program being offered free of charge, there will be no refunds issued.

Questions or Cancellations: Please contact Jordan DeBettencourt at 508.683.1618.

Luke Armstrong (Moderator)

Buy Side Risk Product Manager

IHS Markit

Mr Armstrong has a decade of experience in buy side risk management working at CQS and Bluebay Asset Management. As product manager, Luke is responsible for the design and build of FRA's next generation buy side risk management platform. Mr. Armstrong holds a BEng in Aerospace Engineering with first class honours from the University of Southampton.

Brian Johnson

Associate Director, Rulemaking Office

United States Securities Exchange and Commission

Brian McLaughlin Johnson is an Assistant Director in the Rulemaking Office in the SEC’s Division of Investment Management. Mr. Johnson heads the Division’s Investment Company Regulation Office, which is responsible for rulemaking activities under the Investment Company Act in the Division and provides advice on policy initiatives affecting the asset management industry.

Before joining the SEC in 2010, Mr. Johnson was an associate at the Washington, D.C. offices of K&L Gates and WilmerHale. Mr. Johnson received his B.A. from the University of Delaware and his J.D. from the George Mason University School of Law.

Carolyn McPhillips (Moderator)

President, Mutual Fund Directors Forum

Carolyn McPhillips is President of the Mutual Fund Directors Forum. Carolyn joined the Forum's staff in July 2005. She was the Forum's Senior Counsel until June 2020, when Carolyn became the President of MFDF. Immediately prior to joining the Forum, she lived in Naples, Italy. She was an associate in the Financial Services Group of Dechert LLP from 2000 to 2003.