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28 January 2020
Before closing the books on 2019, registered investment advisers and funds should take a look back at the activity undertaken by the SEC and its staff in the past year and carefully consider steps to be taken to implement new and amended regulations adopted by the SEC throughout the year. The start of a new year is also a good time to evaluate what remains on the SEC's regulatory agenda.
2019 was a busy year for the SEC staff across several Divisions. Set forth below is a summary of key regulatory activity that will affect advisers and funds.
The SEC staff has identified certain proposed regulations in the SEC's most recent regulatory flexibility agenda. Members of the SEC staff have also identified areas of focus that could result in additional regulatory refinements during 2020.
The compliance staff of investment advisers and funds are busy ensuring that their firms are prepared for new rules and forms that will be effective in 2020, but the SEC staff does not seem to be slowing down. Compliance officers (as well as operational teams and service providers) are in store for another busy year in 2020 and should ensure they are well staffed to address the changes ahead.
For further information on this topic please contact Susan I Gault-Brown at Morrison & Foerster LLP's Washington DC office by telephone (+1 202 887 1500) or email (firstname.lastname@example.org). Alternatively, please contact Kelley Howes at Morrison & Foerster LLP's Denver CO office by telephone (+1 212 468 8000) or email (email@example.com). The Morrison & Foerster LLP website can be accessed at www.mofo.com.
This article has been reproduced in its original format from Lexology – www.Lexology.com.
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