SEC Form ADV Revisions – Performance Books and Records Retention

Whether it is part of your annual 206(4)-7 testing or a routine on your compliance calendar, making sure your records are in order is a basic requirement.  On August 25, 2016, the SEC adopted multiple amendments to Part 1A of Form ADV (“Form ADV”), which include amendments to the books and records rule under the… READ MORE

Oyster Consultants to Speak at WAIS (Bermuda) Conference

Oyster Managing Director Hank Sanchez and Consultant Henry Komansky will be panelists at the World Alternative Investment Summit (WAIS) this week, held at the Fairmont Southampton Hotel in Southampton, Bermuda. Hank Sanchez will address the current SEC regulatory environment and anticipated rule changes on Friday during the Global and Bermuda Regulatory Debate panel. Hank brings… READ MORE

Oyster Consulting (Bermuda) Ltd. Presents AML Audit/Sanctions Lecture

  Oyster Consulting (Bermuda) Ltd Consultant Henry M. Komansky, J.D., presented another in his very popular series of lectures on 7th September 2016 discussing the new requirement under the Bermuda Proceeds of Crime Amendment Act 2015 for AML audits as well as sanctions, with a focus on UK and Bermuda laws and regulations. On 1… READ MORE

DOL Fiduciary Rule Change Webinar Recording Now Available

On August 31, 2016 Oyster Consulting presented the first in a series of webinars addressing the new Department of Labor Fiduciary Rule. During the webinar “Anatomy of a Risk Assessment: Preparing for the DOL Fiduciary Rule Change,” Oyster Consulting experts Evan Rosser, Ami Shah and Bob Tuch shared: Key components of the DOL Rule; Important… READ MORE

Register Today for Oyster’s DOL Risk Assessment Webinar

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining the circumstances under which a financial professional will be deemed to be a fiduciary.  Among the critical initial steps that firms should be taking are an assessment of the potential impact of the rule and a gap analysis… READ MORE

Bermuda Welcomes Global Fund Administrator

Centaur Fund Services opened for business this week in Hamilton, Bermuda.  Already domiciled in London, Dublin and New York, the firm with $12 billion in Assets Under Management will use the island as a strategic base from which to service its global clients. “Bermuda’s location makes doing business with the US ideal,” said founding partner… READ MORE

Fiduciary Status Under The New DOL Rule — Frequently Asked Questions

On April 6, 2016, the U.S. Department of Labor (DOL) released its final regulation (DOL Rule) defining fiduciary, which expands the circumstances under which financial professionals become fiduciaries for purposes of ERISA and the prohibited transaction provisions of the Internal Revenue Code, as a result of providing investment advice. The DOL also issued two new… READ MORE