A Breakdown of the SEC’s Regulatory Relief Provisions for Filings and Documentation ***UPDATE*** On March 23 and 25, 2020, the SEC released further extended dates for the items listed below. WHAT HAPPENED? While the international COVID-19 outbreak continues to affect the lives of the [...]
COVID-19 UPDATE: How the SEC Continues Its Response Efforts WHAT HAPPENED? As efforts to contain the COVID-19 virus expand worldwide, the SEC is remaining focused on maintaining a fair and orderly market and continuing its own operations. The Commission has transitioned most of its staff to work remotely and [...]
COVID-19: What Financial Regulatory Bodies Are Saying WHAT HAPPENED? On March 11, 2020, the World Health Organization (WHO) declared COVID-19 is now classified as a pandemic. Between WHO, the Centers for Disease Control and Prevention (CDC), and other similar organizations, efforts are being made to halt the spread of [...]
How to Plan for a Pandemic WHAT HAPPENED? Health officials worldwide are monitoring a respiratory illness outbreak caused by a new coronavirus named COVID-19. Fairview has a plan for monitoring and responding to this potential pandemic and we encourage your firm to do the same. [...]
Exam Takeaways: Five Facts About Recent Examination Practices WHAT HAPPENED? When the Securities and Exchange Commission initiates an examination of your firm, it is important to be prepared for possible timeframes and requests. Below are some patterns from the SEC’s examination tactics in the last year: [...]
Form CRS: The Latest Tips for Preparing – UPDATE! WHAT HAPPENED? On Feb. 11, 2020, the Securities and Exchange Commission released a set of new Frequently Asked Questions about Form CRS. Among other useful information, the FAQs address that adviser affiliates of a registered adviser may jointly file a [...]
Exam Takeaways: SEC and DOL Joint Exams WHAT HAPPENED? Regulatory requirements and expectations for firms are constantly evolving; with that, examination practices are changing as well. An emerging approach to routine examinations includes exam teams from both the Securities and Exchange Commission and the Department of Labor collaborating on [...]
SEC Requirement: Annual Amendment for Form ADV WHAT HAPPENED? The SEC requires that investment advisers file a Form ADV Annual Amendment within 90 days of the end of the Adviser’s fiscal year. If your fiscal year ended Dec. 31, you will be required to file an annual amendment to [...]
What Does OCIE Look for When Examining Cybersecurity Practices? WHAT HAPPENED? In recent years, the Office of Compliance Inspections and Examinations (OCIE) of the Securities and Exchange Commission made cybersecurity a top priority when examining all types of firms. As the use of digital technology becomes more essential to [...]
SEC Comments on Emerging ESG Compliance Concerns WHAT HAPPENED? In recent months, the Securities and Exchange Commission has increased its focus on socially responsible “environmental, social, and governance” funds, or ESG funds. In 2019, the amount of funds investing in ESGs nearly tripled in comparison to 2018, and there [...]