Webinar Archive - Board Oversight of Subadvisers - Regulatory and Compliance Issues

This webinar was the first to accompany MFDF's 2026 Practical Guidance on Board Oversight of Subadvisers, an update of MFDF's 2009 white paper covering the significant changes in regulation and the industry that have occurred since.

On this webinar, Gwendolyn Williamson, Partner at Faegre, Drinker, Biddle & Reath, and Philip Wellman, Vice President and Chief Compliance Officer, MML Investment Advisers and MassMutual Funds, discussed the compliance and regulatory issues involved in the hiring and ongoing oversight of fund subadvisers, while providing practical guidance for fund boards. Specific topics included:

• Subadviser contract approvals and renewals,
• Oversight of the subadviser’s compliance program, and
• The impact of the Liquidity, Derivatives and Valuation Rules on board oversight of subadvisers.