SEC Exam Priorities 2022 – What do they mean for you?

The SEC released its 2022 Division of Examination Priorities, indicating its areas of focus for examinations in 2022 and sharing its view of current and emerging risks to investors.

Three main areas emerged compared with 2021, none of which should come as a surprise.

  • Operational resiliency and standards of conduct for private fund advisers and advisers to retail investors.
  • A focus on examining firms with Environmental, Social, And Governance (ESG) strategies.
  • Continued scrutiny of firms engaging in crypto or emerging technology strategies.

The Division also highlighted their intention to increase the volume of examinations by three percent, supported by increased staff.  Firms who have not been examined for more than five years should be prepared for a call from their local Commission office. And if you’re a newly registered investment adviser you should expect to be examined within the first 1 to 3 years.

Our webinar discussed how to align your compliance program with the 2022 Examination Priorities and what you should do be prepared for an examination.