MFDF Releases Part 4 in 15(c) White Paper Series

MFDF, in coordination with Morgan Lewis, has released Part 4 of its 15(c) White Paper regarding Board Oversight of Advisory Agreement Renewals, regarding Section 15(c) Enforcement Action Takeaways.

The MFDF 15(c) White Paper is intended to serve as a reference regarding the advisory agreement renewal process and relevant enforcement actions, as well as a resource of possible approaches to 15(c) board processes and avenues directors may consider when analyzing complex or challenging facts and circumstances in their review.  Part 4 of the 15(c) White Paper provides real-world illustrations of regulatory expectations and the potential consequences of insufficient 15(c) processes, and may assist boards in aligning their oversight practices to avoid ending up in the SEC’s crosshairs.

MFDF’s 15(c) White Paper has been issued successively in the following four parts:

• Part 1: Regulatory Requirements and Judicial Caselaw (click here)
• Part 2: Board Processes (click here)
• Part 3: Gartenberg Factor Analysis and Board Considerations (click here)
• Part 4: Enforcement Action Takeaways (click here)
  

Click here to read Part 4 of the 15(c) White Paper.
Click here to view the 15(c) Part 4 webinar with Morgan Lewis.
Click here to register for the In Focus: Gartenberg Factors (MFDF In Focus programs are open ONLY to current RIC board directors and CCOs).