This Thursday, 10/7, the SEC  will hold its next CCOutreach Program event for Chief Compliance Officers of investment advisers  - an interactive broadcast on valuation.  The broadcast seminar will run from 12:30-3:30 pm ET.  Staff members from OCIE (Office of Compliance Inspections and Examinations) and Division of Investment Management will host the event that will include a panel discussion by SEC examination staff on valuation issues. 

Interested persons can attend, either in person or over the Internet.  To register, click onto:  [ SEC CCOutreach, 10/7 ].  There is no charge. 

Rule 206(4)-7 of the Investment Advisers Act of 1940 requires SEC registered advisers to adopt and implement written compliance policies and procedures.  While the Rule permits an adviser flexibility in the design of procedures that fit its needs, pols and procedures should address, among other things, the processes utilized to value client holdings and assess fees based on such valuations.  The discussion will include common deficiencies and the role of a CCO in the valuation process.  Other topics include:

• Difficult-to-value securities.
• Valuation challenges in volatile markets.
• Bond fund valuation.
• The CCO's role in the valuation process.
• Common deficiencies and weaknesses noted in the area of valuation.

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