New York (July 28, 2004) -- With an October deadline looming, mutual fund company executives identified service provider oversight and ensuring that securities trading and brokerage practices are compliant as their biggest compliance challenges, according to a survey by PricewaterhouseCoopers' Investment Management Industry Group.
Thirty percent of the more than 200 fund industry executives polled said that service provider oversight will be the most time-consuming aspect of fund operations for which to assess compliance, while nearly as many (28 percent) said that securities trading and brokerage practices would be most challenging. Others cited conflicts of interest and related-party transactions (16 percent); portfolio management (9 percent); shareholder servicing and transaction processing (9 percent); and portfolio valuation and fund pricing (8 percent).
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