New SEC rules to have significant regulatory impact (ThinkAdvisor)

The common theme of the SEC’s push to finalize rules is a focus on expanding regulations for both advisers and funds, states Amy Lynch, FrontLine’s Founder and President. This includes substantive new requirements for regulatory reporting, record-keeping, and disclosures. Ms. Lynch’s lead comments highlight the strain the new requirements will have on an adviser’s internal compliance resources, especially in light of the cumulative impact of so much rulemaking occurring within a short period of time. She adds that industry pushback has voiced concerns about several of the SEC proposals, with abundant opposition to the outsourcing and private funds rules. See ThinkAdvisor, “7 Big Rules on the SEC’s 2023 To-Do List“