Hedge Fund Managers: Your 2012 Annual Compliance Check-Up – Quick Tips On Doing A Self-Diagnosis

Securities laws, anti-money laundering and terrorist financing reporting regulations have, over the past few years, gone through a significant overhaul in Canada and continue to evolve at a steady pace. At the same time, regulatory oversight and compliance audits have increased, as the provincial securities commissions have hired additional staff and presently focus on registrants and compliance.

The hedge fund industry has been under regulatory scrutiny in Canada for a number of years now, and it is imperative that hedge fund managers stay on top of compliance. Since 2007, the Investment Management practice group at Borden Ladner Gervais LLP (BLG) has annually published tips for performing a self-diagnosis of your compliance regime. This Bulletin provides guidance for your 2012 annual compliance check-up and points out what may be ahead for you by way of new regulatory focus.