ComplianceAlert

SEC’s 2015 Exam Priorities – Short List, Big Emphasis

The Nation Exam Program (NEP) and the Office of Compliance Inspections and Examinations (OCIE) today released its annual SEC Exam Priorities list. The much anticipated annual release shows where the SEC will be focusing its resources throughout the year. Since SEC resources are limited, they must be utilized wisely. Different areas are addressed each year…

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ComplianceAlert

SEC to Focus on Portfolio Risks in 2015

SEC Chairwoman Mary Jo White announces in a speech last week that the SEC will be focusing on funds and advisers and their portfolio management activities in 2015. Specifically, the National Exam Program (NEP) and the Division of Investment Management (IM) will review fun and adviser activity regarding portfolio composition risk and disclosures surrounding risk…

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ComplianceAlert

SEC Issues New Fund Accounting Guidance

The SEC’s Division of Investment Management recently released new guidance for mutual funds in its October 2014 IM Guidance Update. The guidance provides information regarding fund financial statements. Funds may present financial statements in a consolidated our unconsolidated format depending upon the fund structure and relationships with affiliates. Regulation S-X governs the specific form and…

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