### Question
Can you define what internal compliance policies and procedures means?


### Answer
**Internal compliance policies and procedures** is defined as the following in *15 U.S.C. § 80a*:

> policies and procedures designed by subject persons to promote compliance with the Federal securities laws

#### Citation:
  - *15 U.S.C. § 80a*
  - Heading: **CHAPTER 2D-INVESTMENT COMPANIES AND ADVISERS > SUBCHAPTER I-INVESTMENT COMPANIES**

