Ruth Delaney at K&L Gates LLP

ERISA Developments: 2019 Seattle Investment Management Conference

TOPICS - - Socially responsible/ESG investing - Distribution through consulting/OCIO firms ...more

12/3/2019 / Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Environmental Social & Governance (ESG) , Institutional Investors , Investment Management , Investors , Pensions , Retirement Plan

A Face-Lift for GIPS: CFA Institute Publishes Proposed Revisions to the GIPS Standards in the GIPS 2020 Exposure Draft

Sections: - Executive Summary - Material Changes Proposed by the Exposure Draft - Effect of the Proposed Revisions Certain Investment Managers and Transactions - Executive Summary - On August 30, 2018 the CFA...more

10/4/2018 / Carve Out Provisions , Global Investment Performance Standards (GIPS) , Investment Management , Investors , Performance Standards

Fiduciary Rule – No Further Delays

Three items of key importance with respect to the Department of Labor’s (“DOL”) rule changing the definition of the term “fiduciary” (the “Fiduciary Rule”) happened on May 22, 2017: 1. Secretary of Labor Alexander Acosta...more

5/26/2017 / Best Interest Contract Exemptions , Department of Labor (DOL) , Employee Retirement Income Security Act (ERISA) , Fiduciary Rule , Individual Retirement Account (IRA) , PTEs , Retirement , Trump Administration

Fiduciary Rule Delayed - Important Compliance Takeaways

Today, the Department of Labor (“DOL”) published its final rule delaying the applicability dates of its rule changing the definition of the term “fiduciary” (the “Fiduciary Rule”) and related prohibited transactions...more

4/10/2017 / Best Interest Contract Exemptions , Department of Labor (DOL) , Employee Retirement Income Security Act (ERISA) , Fiduciary Rule , Investment Adviser , PTEs , Retirement Plan

Questions & Answers on State and Local Variations on the SEC Pay-to-Play Rule

Many states and municipalities have adopted laws and regulations that affect how investment managers may solicit investment advisory business, including investment in sponsored public and private funds, from the state...more

3/7/2017 / Government Officials , Investment Adviser , Investment Advisers Act of 1940 , Pay-To-Play , Political Contributions , Recordkeeping Requirements , Securities and Exchange Commission (SEC)

DOL Fiduciary Rule – What’s Next?

On an almost daily basis, there are developments regarding the status of the Department of Labor’s (“DOL”) fiduciary rule creating a climate of uncertainty. Stakeholders, such as financial institutions that serve retirement...more

2/20/2017 / Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Fiduciary Rule , Popular , Retirement Plan , Trump Administration

Pennsylvania Treasurer Prohibition on Third-Party Placement Agents

The Treasurer of the Commonwealth of Pennsylvania has prohibited investment managers from using third-party placement agents for funds managed on behalf of the Commonwealth of Pennsylvania Treasury Department. The Treasury...more

2/9/2017 / Investment Adviser , Retirement , Retirement Plan , Securities and Exchange Commission (SEC)

Impact of Pay-to-Play Rules in the 2016 Election Cycle

The federal Pay-to-Play Rules may impact campaign contributions in the 2016 election and, in particular, campaign contributions to a major party’s presidential campaign. Financial institutions that do business with, or seek...more

8/19/2016 / CFTC , Financial Institutions , MSRB , Pay-To-Play , Political Contributions , Presidential Elections , Securities and Exchange Commission (SEC) , Trump Administration

DOL Finalizes The ERISA Fiduciary Regulation -- What It Means For Your Business

In the face of controversy and following thousands of comments from market participants and lawmakers, the Department of Labor (“DOL”) has finalized sweeping changes to the definition of “fiduciary” under the Employee...more

4/28/2016 / 401k , Best Interest Contract Exemptions , Best Interest Standard , Conflicts of Interest , Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Fiduciary Duty , Investment Adviser , Retirement Plan

Questions & Answers on State and Local Variations on SEC Pay-to-Play Rule