The SEC’s Strategic Plan for 2022-2026 Fiscal Years

September 13, 2022

The SEC’s Strategic Plan for 2022-2026 Fiscal Years

What happened?

On August 24, 2022, the U.S. Securities and Exchange Commission (SEC) announced its plans for the 2022-2026 Fiscal Years including three main goals to advance its mission, according to a press release. The three primary goals and their sub-groups are posted in the SEC’s Draft FY22-26 Strategic Plan  as well as listed below:

The first goal focuses on protecting working families against fraud, manipulation, and misconduct.

• 1.1: Pursue enforcement and examination initiatives focused on identifying and addressing risks and misconducts that affects individual investors
• 1.2: Enhance the use of market and industry data, particularly to prevent, detect, and enforce against improper behavior
• 1.3: Modernize design, delivery, and content of disclosures so investors, including in particular retail investors, can access consistent, comparable, and material information to make informed investment decisions

The second goal focuses on developing and implementing a robust regulatory framework that keeps pace with evolving markets, business models, and technologies.

• 2.1: Update existing SEC rules and approaches to reflect evolving technologies, business models, and capital markets.
• 2.2: Examine strategies to address systemic and infrastructure risks faced by our capital markets and our market participants.
• 2.3: Recognize significant developments and trends in our evolving capital markets and adjust our activities accordingly.

Lastly, the third goal focuses on supporting a skilled workforce that is diverse, equitable, and inclusive and is fully equipped to advance agency objectives.

• 3.1: Focus on the workforce to increase capabilities, leverage shared commitment to investors, and promote diversity, equity, inclusion, accessibility, and equality of opportunity.
• 3.2: Promote collaboration within and across SEC offices, including through rotation and detail programs, and maximize telework opportunities.
• 3.3: Enhance the agency’s internal control and risk management capabilities, including by the development of a robust and resilient program for dealing with threats to the security, integrity, and availability of the SEC’s systems and sensitive data.
• 3.4: Modernize the SEC’s technology to enable the mission in a cost-effective, secure, and resilient manner.

What does this mean for me?

If the stated goals of modernized investor disclosures, ever-evolving regulations, and enhanced data collection for enforcements make you nervous about your compliance program, Fairview® can help. Fairview provides comprehensive and ongoing compliance services, including comprehensive marketing review, solicitation-related consulting, and complete examination support. Contact us today to learn more.