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Now in its 10th edition, InvestoRegulation, is proud to present the SEC Regulation Outside the United States conference which will take place in Hong Kong on the 26th October 2011.

The US financial services industry is in the midst of the biggest regulatory shake up since the 1930s. Is your business ready for it? Are you?

From understanding Dodd-Frank and the Foreign Corrupt Practises Act to learning the new rules for investment advisers, there is a lot of work to be done. Firms need to understand and comply with the new rules and regulation to avoid the risk of steep fines or even prosecution.

SEC Regulation Outside the United States, the only event of its kind, is designed to educate non-US financial services practioners about how regulatory developments from the SEC and other US bodies impact them. A distinguished faculty of current and former SEC officials and other regulatory experts will guide you through the nuances of current and pending US regulation. These experts will also answer your questions about how to best meet the challenges of the fuild US regulatory environment.

Attend SEC Regulation Outside the United States and hear directly from key representatives at the SEC how they legislate and enforce US securities laws, and how these affect companies outside the US.

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Speakers at SEC Outside the United States 2011:

Mark Berman, CEO, CompliGlobe

Mark Berman is the founder and a Principal of CompliGlobe Limited www.compliglobe.com. He advises and has advised Asian and European hedge funds, investment managers, banks and investment firms on U.S. and cross-border regulatory, compliance, training and AML matters. Mr Berman was a senior lawyer with the SEC’s Division of Corporation Finance and the Division of Market Regulation, where he worked on domestic and cross-border disclosure and trading practices issues, respectively. He has lectured on law and regulation at the London Business School, is the editor of and a contributor to “SEC Regulation Outside the United States” and “Hedge Funds and Prime Brokers”. He is the author of “Introduction to Hedge Funds”. Mr Berman is a Trustee of the SEC Historical Society.

Matthew Bersani, Asia Managing Partner, Shearman & Sterling

Mr. Bersani, Asia Managing Partner for the firm, specializes in corporate finance and securities transactions. He has deep experience representing both issuers and underwriters. Transactions in which he has been involved include Rule 144A/Regulation S offerings and registered US public offerings of equity securities and convertible and exchangeable debt offerings. Among other distinctions, Mr. Bersani has been for several years been cited as “top tier” or “highly recommended” in various guides to the world’s leading capital markets lawyers.

Lorna Chen, Partner, Shearman & Sterling

Ms. Chen is a partner in Shearman & Sterling’s Global Asset Management Group and leads our asset management and investment funds practice in Asia. Ms. Chen advises clients in the structuring, restructuring, formation and operation of alternative investment products, including private equity funds, real estate funds, hedge funds and funds of funds. Ms. Chen is also an expert on regulatory and compliance matters related to investment funds and their managers. Ms. Chen has extensive experience in representing investors in making investments in private funds around the globe. Her clients include institutions, funds of funds, sovereign wealth funds, affluent individuals and family offices. Ms. Chen also represents clients in acquisition and joint venture transactions in the asset management area, as well as co-investments.
Ms. Chen is a frequent speaker on various topics in the asset management area. Her audience includes legal and business teams of many financial institutions, securities regulators in various jurisdictions and senior management of investment fund managers. Examples of her topics include the impact of the financial crisis on the global alternative investment market, due diligence issues when making an investment in a hedge fund, structuring an offshore private equity fund, formation of RMB funds, non-U.S. brokers and advisers dealing with U.S. clients, U.S. regulations of private funds and managers, and the U.S. Dodd-Frank Act.
Ms. Chen joined the firm’s Asset Management Group in 2001 in New York, and transferred to our Hong Kong office in late 2008. She is a graduate of the Columbia University School of Law, J.D., 2001; LL.M., 1999; as well as the Beijing Foreign Studies University, M.A.,1994; and Capital Normal University, B.A. 1991. Ms. Chen is admitted to practice law in the State of New York, USA and Hong Kong. She is also qualified to practice law in the People’s Republic of China. She is fluent in Mandarin Chinese and English.

Len Jui, Partner, KPMG

Len Jui joined KPMG China as a partner in the Department of Professional Practice/Capital Market Group in October 2008 after working in the KPMG-US National office. Prior to joining KPMG, Len was an Associate Chief Accountant in the Office of the Chief Accountant (“OCA“) at the U.S. Securities and Exchange Commission (“SEC”) in Washington D.C. where he focused in areas of international accounting and auditing standards and international audit regulation.
Len is an Asian Representative of Global Public Policy Committee (GPPC) – a committee focuses on public policy issues for the six global accounting networks.
Len also previously served as China’s Technical Advisor to the International Auditing and Assurance Board (“IAAASB”)
At the SEC, Len served as the US SEC representative on several working committees of the International Organization of Securities Commission (“IOSCO”), and worked closely with securities regulators around the world including the Australian Investment and Securities Commission (“ASIC”), China Securities Regulatory Commission, Hong Kong Securities and Futures Commission (“HKSFC”), Japan Financial Services Authority (“JFSA”) and the European Commission, While at IOSCO, Len served as its observer on the International Forum of Independent Audit Regulators (“IFIAR”). Len also worked closely with the staff of IAASB and PCAOB on audit standards, and was a member of the IAASB Consultative Advisory Group.

Angelina Kwan, Managing Director, Stratford upon Avon Finance Limited

Bio + photo to be added

Alice Law, Senior Director of Policy, China and Investment Products, Hong Kong Securities and Futures Commission

Ms. Law holds an LLB (Hons) degree from the University of Hong Kong and a LLM degree from University College London. She has over 20 years of legal experience and was a partner of a Hong Kong law firm before joining the SFC in 1998. At SFC, Ms. Law has taken a number of senior positions at different divisions and is the forerunner in the development of regulation for a wide spectrum of investment products in Hong Kong, ranging from ETFs, hedge funds, REITs to RMB products. She has led major regulatory projects, including the launch of the new SFC Products Handbook in June 2010. Ms Law’s current role is to develop policies towards the orderly development of the Hong Kong financial market and to promote closer cooperation with the Mainland market. She also leads various policy initiatives in developing Hong Kong as an offshore RMB centre as well as fostering closer financial cooperation between HK and the Mainland including the Closer Economic Partnership Agreement (CEPA).

William McGovern, Partner, Kobre & Kim

William McGovern focuses his practice on international commercial disputes, including international regulatory and criminal investigations as well as class action defense matters. He also has extensive experience representing public and private companies and their executives named in complex securities litigation matters. Mr. McGovern currently represents several Chinese executives and directors facing scrutiny from U.S. regulators and investors regarding their roles in the companies’ listings on stock exchanges in the United States. He has also been involved as leading counsel in numerous regulatory actions and international disputes involving corporate accounting fraud and insider trading, among other areas.
Mr. McGovern led Kobre & Kim's expansion of its international government enforcement defense and civil litigation practices across Asia in 2010. TKobre & Kim LLP was one of the first U.S. litigation firms to offer an integrated global platform of U.S.-qualified attorneys and U.K.-qualified barristers and solicitors practicing from offices in the U.S., Asia and Europe. The firm focuses on the representation of Asian clients under investigation by U.S. authorities as well as clients involved in high-stakes U.S. litigation against international financial institutions. In coordination with its other offices, Kobre & Kim LLP also serves Asian clients in international arbitrations and litigation in the U.S., U.K. and all the major offshore jurisdictions, in particular the Caribbean.
Prior to joining Kobre & Kim LLP, Mr. McGovern worked as a senior litigator for Morgan Stanley in Hong Kong and led Morgan Stanley Asia's effort to build and manage a team of derivatives product lawyers based in Hong Kong, Tokyo, Mumbai and Sydney. He also served as a Branch Chief in the Division of Enforcement at the U.S. Securities & Exchange Commission and as an Assistant District Attorney in New York.
Mr. McGovern received a B.A. from University of Pennsylvania and a J.D. from Temple University School of Law where he was a member of the Moot Court Honor Society.

Mauri Osheroff, Associate Director, Division of Corporation Finance, US Securities and Exchange Commission

Mauri L. Osheroff has been the Associate Director (Regulatory Policy) of the Division of Corporation Finance at the Securities and Exchange Commission since 1987. She oversees the Division’s Offices of Mergers and Acquisitions, International Corporate Finance, and Small Business Policy. Her responsibilities include rulemaking and interpretations involving foreign private issuers and other international matters, small business (including several of the small business initiatives proposed and adopted in 2007 and the recent Regulation D proposals), tender offers and mergers (including the Regulation M-A and cross-border offers rule changes), Section 16, EDGAR (Electronic Data Gathering, Analysis and Retrieval) and interactive data (XBRL).
Before her current position at the Commission, Ms. Osheroff served as Deputy Chief Counsel in the Division of Corporation Finance, where she supervised various rulemaking projects and gave interpretive advice on the securities laws, rules and forms. Earlier, she served in the Division first as a branch attorney, examining disclosure documents filed with the Commission, and then as a Special Counsel, reviewing tender offer and proxy contest material. She is a magna cum laude graduate of Radcliffe College, a graduate of Yale Law School, and a member of the District of Columbia Bar. For six years, she taught a graduate course on disclosure as an adjunct professor of securities law at Georgetown University Law Center.

Robert Plaze, Director of the Division of Investment Management, US Securities and Exchange Commission

Robert E. Plaze is Deputy Director of the Division of Investment Management of the US Securities and Exchange Commission. The Division is responsible for administering the securities laws regulating America’s $43 trillion investment management industry, including mutual funds, money market funds, exchange-traded funds, and advisers to institutional clients (such as pension funds and hedge funds) as well as individual clients. More specifically, on behalf of the Commission, the Division administers the Investment Company Act and the Investment Advisers Act of 1940.
Mr. Plaze has been a member of the Commission staff for 28 years during which he has held positions of significant responsibility. Most recently he has been responsible for preparing rules implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act affecting money managers, and amendments to rules governing the operation of money market funds. Mr. Plaze holds an AB (1978) and JD (1983) from Georgetown University and is a member of the District of Columbia Bar.

Amarjeet Singh, Office of International Affairs, Securities and Exchange Board of India

Amarjeet Singh is Chief General Manager with the Securities and Exchange Board of India (SEBI). Mr Singh heads the Office of International Affairs and Human Resource Development as well as working as an Executive Assistant to the Chairman of SEBI. Previously he was head of the Northern Regional Office of SEBI and has been closely involved with the committee on financial sector self-assessment of India. Mr Singh has been involved with various internal working groups set up by the Government of India for the G20 and FSB.

Bio + photo to be added

Jonathan B. Stone, Head of Corporate - Asia (ex-Japan) and Partner, Skadden Arps Slate Meagher & Flom

Jonathan Stone is a corporate finance and mergers and acquisitions partner at Skadden, Arps, Slate, Meagher & Flom and is co-head of the Asian corporate practice. He is based in Hong Kong. He represents bidders, sellers and target companies in cross-border merger and acquisition transactions, financial investors in private equity transactions and issuers and underwriters in U.S. registered, Rule 144A and Regulation S equity, equity-linked and high yield transactions throughout Asia. In the last 12 months, Mr. Stone has worked on significant acquisition transactions, as well as public and private equity offerings, high yield debt transactions and consent solicitations across Asia, including in China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore and Taiwan. Prior to moving to Hong Kong in 1999, Mr. Stone spent several years in Skadden’s New York office, working on a range of corporate transactions. He is admitted to practice in New York, Hong Kong, New Zealand and New South Wales, Australia.
Mr. Stone has been named as a 'leading lawyer' for M&A and Corporate Finance in several publications and surveys, including Chambers Global (2004 to 2010), Chambers Asia (2010), Asia-Pacific Legal 500 (2003 to 2010), Who’s Who Legal (2006 to 2010), AsiaLaw Profiles (2005 to 2010) and IFLR’s 1000 2011.

Philip Thomas, Director Asia, CompliGlobe (Asia) Ltd.

Philip manages CompliGlobe's Asian operations. He is a securities and regulatory attorney specializing in compliance matters affecting market participants.
Philip spent six years at Merrill Lynch in New York, and in 1996 was a key member of the team that brought to market Merrill's first fund of hedge funds. He later served as Chief Compliance Officer to a significant New York money management firm and Deputy General Counsel to a diversified financial services concern. His expertise in Investment Company Act regulation was honed during his tenure as the Chief Compliance Officer to an investment adviser to SEC registered investment companies.
The former head of a New York law firm's investment management practice, Philip was the lead attorney on the formation of several private investment funds and aided in the creation and maintenance of the compliance programs of a variety of financial firms. As a regulatory consultant, he served household name hedge funds, PE funds, VCs and investment banks on regulatory and legal matters. Philip authored a body of published articles on financial service firm regulatory issues. He wrote the chapter on communications for the Handbook of US Broker-Dealer Regulation (2010, CompliNet, a division of Thompson-Reuters). He teaches private- and mutual-fund-related Continuing Legal Education classes, including CLE123's "Structuring an Investment Adviser Compliance Program."
Philip is a former US Navy officer and a graduate of the US Navy Supply Corps School. Philip received an AB from Hamilton College, with honours, and is a graduate of Rutgers School of Law-Camden. A member of the New York Bar, Philip earned the Project Management Professional certification in 2006.



Solicitors Regulation Authority: CPD - 7 hours 30 minutes
New York and California: CLE - 9 hours
Hong Kong Law Society accreditation applied for



Workshop: SEC Basics, 25th October 2011, Hong Kong
Programme | Speakers | Sponsors & Partners | Venue | Register
Do not miss the chance to brush up on your SEC Basics through our one day workshop on the 25th October 2011. Run by ex-SEC Lawyer and expert advisor Mark Berman of CompliGlobe Ltd, this workshop is aimed at practitioners who are either new to the field or who would like to develop a greater understanding of U.S. securities regulation.

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