The Securities and Exchange Commission’s Division of Examinations recently announced its examination priorities for fiscal year 2022: Private Funds; Environmental, Social, and Governance (“ESG”) Investing; Standards of Conduct; Information Security and Operational Resiliency; and Emerging Technologies and Crypto-Assets. The Division seeks to provide investors and registrants with transparency into these
Hedge Funds
SEC Staff Announces 2018 OCIE Examination Priorities
By Joshua M. Newville & Anthony M. Drenzek on
Last week, the staff of the SEC’s Office of Compliance Inspections and Examinations (OCIE) recently released its sixth annual examination priorities announcement. The alert lays out general issues industry can expect OCIE to focus on during the administration of the agency’s examination program in 2018. While reflecting a renewed emphasis…
SEC Staff Announces 2017 OCIE Examination Priorities
By Anthony M. Drenzek on
On January 12, 2017, the staff of the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission (SEC) released its annual announcement on examination priorities in the coming calendar year. The 2017 examination priorities are organized around three thematic areas: (i) examining matters of importance to…
Proposed AML Regulations for Registered Investment Advisers Released by FinCEN
By Mark J. Biros on
On August 25, 2015, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released proposed rules that would require investment advisers that are registered or required to be registered (RIAs) with the Securities and Exchange Commission (SEC) to establish anti-money laundering (AML) programs and report suspicious transactions to FinCEN. The proposed rules also would include RIAs within the definition of “financial institution” in the regulations implementing the Bank Secrecy Act (BSA), thereby requiring RIAs to comply with BSA recordkeeping and reporting requirements applicable to financial institutions.