Managing Your Firm's Gift and Entertainment Policies
Summary
For the past few years, gift and entertainment expenses on Wall Street have been under close regulatory scrutiny. This past winter several organizations including the NASD and NYSE proposed a new rule that requires firms to adopt written policies and procedures for the supervision, approval and documentation of business entertainment expenses, including definitions of what forms of business entertainment are appropriate and inappropriate.
Firms will also need to maintain detailed records of the nature and expense of business entertainment and make this information available to the entertainment recipient's employer. In addition, they will need to monitor compliance with their in-house policies and procedures, using an independent reviewer where possible.
Whether or not this rule or another is finalized, gift and entertainment expenses will continue to be watched closely and compliance will be more important than ever.
To help minimize your compliance risks, CCH Examiner, a part of Wolters Kluwer Financial Services, is sponsoring a free one-hour web seminar. During this event, you will gain insight into:
- The current gift and entertainment provisions
- The latest developments addressing amendments to business entertainment reporting including the NASD IM-3060
- The content of standard policies and procedures regarding gifts and entertainment
- Guidelines for reporting gifts and entertainment
- Surveillance and tracking of gifts and entertainment
Register now, and join us on September 26, 2007 at 2:00PM ET to hear industry experts discuss how you can better manage your firm's gift and entertainment policies.
Speakers:
Ann E. Oglanian, President and CEO, ReGroup, LLC
Bruce H. Newman, Partner, Wilmer Cutler Pickering Hale and Dorr, LLC
Moderator:
Marian Raab, Contributing Editor, SourceMedia
To register for this event please fill in the below registration form.
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