The SEC’s election year urgency

As this is an election year, the current SEC administration wants to push through as much of its remaining agenda as it can. SEC Chairman Gary Gensler seems very determined to leave his legacy as the tough cop on the beat who enacted meaningful regulatory changes to protect investors – and, in his view, necessitated by the evolving financial markets. But there’s a lot for the SEC to do in the months before the general…

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More SEC rules and compliance dates arriving this year

SEC registered investment advisers and funds should expect a rules lineup this year perhaps like no other in the recent history of financial regulation. Compliance dates for finalized rules covering private funds, Form PF, money market funds and fund names begin this year and into 2025, while several other rules at the proposal stage are set to be finalized. When the BoardRoom spoke with Founder and President Amy Lynch, she highlighted the Cybersecurity and ESG…

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Expectations loom huge in SEC’s 2024 exam priorities

When the SEC recently issued its 2024 Examination Priorities document (“Exam Priorities”) there were some interesting changes that stood out from years past. For starters, this is easily the earliest the SEC has released its annual Exam Priorities in many years, which have traditionally been made public late in the calendar year or early the following year. Last time it was issued in February 2023 and then prior to that it was issued even later…

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SEC exam anxiety? It’s a real thing.

Chief Compliance Officers in the investment industry face a tall task these days. One of the most aggressive SEC regimes in recent history is flexing its muscles to put CCOs and their senior management on notice. The SEC is pursuing a high octane combination of increased examinations bolstered by numerous rulemaking initiatives sure to keep compliance professionals busy over the next decade. It’s no wonder CCOs are reaching for the Tums inside their desk drawer.…

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Use a Compliance Calendar to track important trigger dates

Consider a well-thought-out Compliance Calendar to stay compliance ready and prepared for the SEC. There are new rules and regulations for investment advisers on the horizon, with more SEC proposals ahead. Plus, there are the current regulatory requirements that should already be part of your compliance program. To keep up with all these numerous compliance items, a CCO and their compliance staff must be continuously organized and attentive. Utilizing a detailed matrix-style Compliance Calendar is…

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