The Securities and Exchange Commission recently announced that it will host a compliance outreach program on November 7, 2024 (see the program’s agenda) on Advisers Act and Investment Company Act related topics. The agenda covers a broad array of issues from exam priorities and enforcement activities to areas that have been the topic of recent rulemaking. For example, there will be a discussion of cybersecurity, including Regulation S-P, as well as oversight of third-party vendors and off-channel communications. The Investment Company Act topics include disclosure trends, board oversight issues, and derivatives risk management, valuation, and the names rule. Of course, a whole panel will be dedicated to the marketing rule, which continues to give rise to questions. Among the “hot topics” to be covered, the agenda identifies crypto assets, artificial intelligence, the move to T+1, pre-IPO offerings and AML issues.
