Fanto, James --- "Mutual fund compliance: key developments and their implications" [2018] ELECD 844; in Birdthistle, A. William; Morley, John (eds), "Research Handbook on the Regulation of Mutual Funds" (Edward Elgar Publishing, 2018) 205

Book Title: Research Handbook on the Regulation of Mutual Funds

Editor(s): Birdthistle, A. William; Morley, John

Publisher: Edward Elgar Publishing

ISBN: 9781784715045

Section: Chapter 9

Section Title: Mutual fund compliance: key developments and their implications

Author(s): Fanto, James

Number of pages: 22

Abstract/Description:

The chapter focuses on the burgeoning field of regulatory compliance, as it relates to mutual funds. Specifically, it examines three major developments: (1) the continuing confusion over potential supervisory liability for compliance officers; (2) the increasing use of technology by these officers; and (3) the possible integration of the compliance function into risk management, rather than compliance remaining as a standalone control function. The chapter argues that, rather than passively watching and accepting these developments as they unfold, compliance officers and others with a stake in effective compliance should examine the developments critically to preserve the effectiveness of regulatory compliance.