Check out our Flash Reports for the latest SEC- and compliance-related news, trends, and insights.
As we approach the mid-point of 2025, two compliance deadlines stand out for compliance professionals, amended Regulation S-P and FinCEN’s Anti-money laundering/countering the financing of terrorism Rule (the “AML/CFT” Rule).
Read MoreOn May 19, 2025, SEC Chair Paul Atkins gave a speech during his first SEC Speaks conference as SEC Chairman. In his remarks, Atkins covered the SEC’s current priorities, most of which should come as no surprise: innovation at the SEC, cryptocurrency, FinHub, investing in private funds, and the Consolidated Audit Trail (CAT). More details on each are included below.
On April 29, 2025, the SEC granted an order to FS Credit Opportunities Corp. and its affiliates (the “Applicants”) that permits business development companies (“BDCs”) and closed-end management investment companies (“CEFs”, collectively with BDCs “Regulated Funds”) to participate in co-investment transactions with affiliated funds and accounts that would otherwise be prohibited by Rule 17(d) of the Investment Company Act.
On March 31, 2025, Chairman French Hill and all of the Republican members of the House Financial Services Committee sent interagency letters requesting the rescission, modification, or re-proposal of specific Biden-Harris administration actions to the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Reserve, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission (SEC).