The Securities and Exchange Commission (SEC) Division of Examinations announced earlier this month its examination priorities for the fiscal year beginning October 1. These priorities include private funds, ESG investing, the fiduciary standard for advisers, operational security and privacy, emerging technologies (including crypto assets), and the transition out of LIBOR reliance.
The Division will continue to review the calculation and allocation of the fees and expenses charged by private funds; the potential preferential treatment of certain advisers that have experienced problems with liquidity; compliance with the Custody rule under the Investment Advisers Act of 1940; the adequacy . . .
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