Compliance Solution for Private Equity / Venture Capital Firms

The proposed Private Fund Investment Advisers Registration Act of 2009 issued on July 15th by the Treasury Department, if voted into law, will require firms managing private pools of capital greater than $30M to register and become Registered Investment Advisers (RIAs). This includes Private Equity and Venture Capital Firms.

While it is still unclear as to what the final legislation will contain, registration as advisers with the SEC will most likely result in Private Equity and Venture Capital Firms having to meet most of the requirements of the Investment Advisers Act of 1940. This will result in the implementation of a compliance program appropriate for an RIA.

Your Challenges

  • What do I need to prepare for the proposed legislation?
  • How can we ensure minimal impact to the ongoing investment and operational activities of the firm as we build a compliance program which conforms to SEC standards?
  • How can we ensure the culture of the firm is adjusted to include an attitude to compliance that will be required with registration?
  • How can I minimize the cost of administering this new compliance program, especially if I currently have a small staff?

Our Compliance Solution

MyComplianceOffice Compliance Operations Management System (COMS) is specifically designed to allow Private Equity and Venture Capital firms to easily build and automate their compliance program.

How does it work?

MyComplianceOffice combines the power and flexibility of Approvals & Affirmations, Questionnaires and Attestations, Task Management & Workflow, Personal Trading, Document Management, and Case Management into a single, integrated, “easy to use” solution. A Dashboard view of the entire compliance program provides quick access to critical data. The combination of these features enables:

  • Automate the many various activities of the compliance program that are currently manual.
  • Capture all information (documents, comments, etc.) associated with the activities.
  • Create a single system of record for all compliance information for audit response.
  • Retrieve data easily for testing or audit purposes.

Long Term Compliance Platform

The flexibility of the tools in our solution allows you to modify policies and procedures as regulations change and as your business model evolves into new markets. Storing all data and documents in one solution ensures your firm is ready for audits, irrespective of changing personnel.

Benefits

  • Provides significant savings on costs of a firm’s compliance program with automation.
  • Enables easier and more effective oversight and monitoring by compliance personnel.
  • Reduces risk of compliance issues with automation and easier oversight.
  • Ensures compliance with the policies and procedures that are appropriate for the firm.
  • Demonstrates the culture of compliance within the firm to prospective investors.
  • Adapts to changing SEC, FINRA, FSA and other compliance requirements and to the firm’s changing business model.
  • Provides peace of mind that firm has long-term, flexible solution for maintaining the compliance program.
  • The "Software as a Service" (SaaS) solution from MyComplianceOffice has:
    • No system costs.
    • Support is included.
    • Upgrades are provided without additional cost.

View details on our Product Features page > >

Approach for Newly Registering Firm

We can help you with the following:

  1. Decide Approach to Resourcing Compliance Personnel

  2. Define Compliance Program

  3. Conduct Initial Registration Activities

  4. Implement Compliance Program

Services for Registering Firms

In addition to the COMS and Personal Trading System, the MyComplianceOffice team has developed a suite of services for newly registering firms. Please contact our sales department at 1 866 951 2279 for more details on these services.

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