S an Francisco, California WEDNESDAY, NOVEMBER 10, 2010 (All times Pacific Standard Time) 9 :00 am – 9:05 am WELCOME AND INTRODUCTION Presented by: Richard M. Phillips Mr. Phillips concentrates his practice in securities regulation, particularly SEC enforcement, investment management and broker/dealer matters. He previously held various positions on the SEC staff, including Assistant to the Chairman; Assistant General Counsel; and Staff Director of SEC Corporate Disclosure and Investment Company Studies. Contact him on: 415.249.1010 or richard.phillips@klgates.com. 9:05 am – 9:45 am HIGHLIGHTS AND UPDATE ON REGULATORY REFORM Presented by: Mark D. Perlow and Richard M. Phillips • Framework of the Reforms: Systemic Risk Regulation, Private Fund Regulation, Derivatives, Credit Ratings • Impact of the Reform: It Depends on the Regulators Mr. Perlow’s practice focuses on investment management and securities law. He regularly represents mutual funds, investment advisers, fund boards of directors, hedge funds and broker-dealers on a variety of regulatory and transactional matters. He served as senior counsel in the Office of the General Counsel of the Securities and Exchange Commission from 1998-1999 and in the SEC’s Division of Enforcement from 1994-1997. He worked on regulatory initiatives on fund governance, the scope of the securities laws online, personal trading of investment personnel, and foreign custody of fund assets, and advised the SEC on enforcement actions involving mutual funds and investment advisers. Contact him on: 415.249.1070 or mark.perlow@klgates.com. 9:45 am – 10:45 am THE REVITALIZED SEC EXAMINATION AND ENFORCEMENT PROGRAMS Presented by: J. Matthew Mangan, Mark D. Perlow and Richard M. Phillips • The Restructuring of OCIE and the Division of Enforcement • The New Approach to Examinations • Enforcement: New Tools and Their Aggressive Use • Major Focus Areas and Enforcement Cases Mr. Mangan counsels investment advisers, private fund managers and broker-dealers on a variety of fund formation, product structuring, transactional, regulatory and compliance, and securities law matters. He structures and documents U.S. and offshore private investment funds and assists clients with a variety of state and federal regulatory and compliance issues. He also represents government plans and other institutional investors and represents individuals and entities on securities enforcement matters involving the SEC, FINRA and other regulatory authorities. He has substantial experience conducting internal investigations in matters relating to securities regulation and compliance. Mr. Mangan passed the Certified Public Accountant’s examination and also served as a judicial extern to the Honorable Thomas E. Carlson, Judge, U.S. Bankruptcy Court, Northern District of California. Contact him on 415.249.1046 or matt.mangan@klgates.com. S an Francisco, California WEDNESDAY, NOVEMBER 10, 2010 (All times Pacific Standard Time) 10:45 am – 11:00 am BREAK 11:00 am – 11:45 am ERISA FOR FUND MANAGERS Presented by: William P. Wade • Mutual Funds, Collective Trusts, Private Funds • ERISA Basics • Recent Developments Mr. Wade is a nationally recognized expert on the subject of bank- sponsored collective investment funds. He concentrates his practice in investment management, ERISA, fiduciary, regulatory, and related securities and tax matters for financial institutions. He has assisted banks, trust companies, investment advisers, and other financial institutions in planning for and creating collective investment funds, proprietary mutual funds, and other investment management vehicles, products, and services for individual and institutional investors, including employee benefit plans subject to ERISA. Reach him on: 310.552.5071 or william.wade@klgates.com. 11:45 am – 12:15 pm DERIVATIVES REFORM: PRACTICAL IMPLICATIONS FOR ASSET MANAGERS Presented by: Gordon Peery and Mark D. Perlow Mr. Peery works exclusively as a derivatives lawyer. He represents a wide range of clients in the firm’s Investment Management, Derivatives and Structured Products practice groups and is a leader of the firm’s Derivatives Task Force. Mr. Peery runs the derivatives, prime brokerage and repurchase facility training program within the firm. Reach him on: 949-623-3535 or gordon.peery@klgates.com. 12:15 pm – 1:00 pm LUNCH S an Francisco, California WEDNESDAY, NOVEMBER 10, 2010 (All times Pacific Standard Time) 1:00 pm – 2:30 pm CONCURRENT SESSIONS Separate Mutual Fund and Hedge Fund/Adviser Tracks 1:00 pm – 2:30 pm 1:00 pm – 2:30 pm 2:30 pm – 2:40 pm (choose one Track) CONCURRENT SESSION Mutual Fund Track Presented by: Kurt J. Decko and Richard M. Phillips • Distribution and 12b-1 Reform • Jones v. Harris Associates and the Contract Renewal Process • Risk Management and Board Oversight • The Indirect Effects of Dodd-Frank Mr. Decko concentrates his practice in the investment management area. He represents and advises investment companies, investment advisers and investment company independent directors in connection with various regulatory, compliance and transactional matters. Prior to joining K&L Gates, Mr. Decko was an associate in the financial institutions and corporate and finance groups of a New York law firm dealing with the Investment Company Act of 1940, the Securities Act of 1933 and private equity matters. From 1999-2000 he was a judicial law clerk for The Honorable Thomas J. Meskill of the U.S. Court of Appeals for the Second Circuit. Contact him on 415.249.1053 or kurt.decko@klgates.com. CONCURRENT SESSION Hedge Fund/Adviser Track Presented by: Benoit N. Jacqmotte, J. Matthew Mangan and Mark D. Perlow • The New Era of Hedge Fund Regulation • The New Form ADV Part 2 • Regulatory Focus Points – Conflicts of Interest, Valuation, Side Letters • Impact on Private Equity Managers Mr. Jacqmotte is a senior associate in the firm’s Portland office with experience in mergers and acquisitions, corporate finance, private fund and other corporate matters. Ben advises sponsors regarding the organization and regulatory requirements of private equity and hedge funds. He also represents public and private companies in mergers and acquisitions transactions and venture capital and other investors in debt and equity investments in target companies. Contact him on: 503.226.5776 or benoit.jacqmotte@klgates.com. END OF CONCURRENT SESSIONS BREAK S an Francisco, California WEDNESDAY, NOVEMBER 10, 2010 (All times Pacific Standard Time) 2:40 pm – 3:15 pm THE REGULATION OF PERSONAL CONDUCT: POLITICAL CONTRIBUTIONS AND PERSONAL TRADING Presented by: Kurt J. Decko and Richard M. Phillips • New Pay-to-Play Rules • Insider Trading Compliance 3:15 pm – 3:50 pm DEVELOPMENTS IN MARKET STRUCTURE AND TRADING REGULATION Presented by: Gordon Peery and Mark D. Perlow • Dark Pools, High-Frequency Trading, Flash Orders, and Large Trader Reporting • The May 6 Flash Crash • The Continuing Scrutiny of Short Selling 3:50 pm – 4:00 pm BREAK 4:00 pm – 5:00 pm REGULATORY CHANGE: NEW PRODUCTS, NEW DEVELOPMENTS Presented by: Kurt J. Decko, Mark D. Perlow, Richard M. Phillips and William P. Wade • Exchange-Traded Funds • Collective Investment Trusts • A Fiduciary Duty for Broker-Dealers? • Target Date Funds