ORLANDO -- A number of new regulatory developments have imposed a hefty burden on the back-office and operations personnel employed by most mutual funds, prompting an industry-wide discussion of how to address trouble spots and adapt to a rapidly changing compliance landscape.

Speaking at an Investment Company Institute operations conference here, a panel of regulators and fund executives reflected on the new rulemakings and their impact on transfer agents and third-party service providers. Perhaps the most complex issue on the table is the hard 4 p.m. close for fund transactions, which requires broker/dealers to segregate trade orders by those submitted before the closing bell and those submitted after.

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