New Form PF Requirement & Need For ‘Institutional Readiness’
New Form PF Requirement Underlines The Need For ‘Institu
Division of Examinations (the “Division”) of the Securities and Exchange Commission (“SEC”) published its 2022 examination priorities. We have mentioned below all and focus only on the Private Funds and Digital Assets due to interest of our clients:
Private Funds
The Division is continuing its focus on the private fund industry. Exams will assess private fund risks with a focus on:
The Division will also review private fund advisers’ portfolio strategies, risk management, and investment recommendations and allocations, focusing on conflicts and disclosures around these areas.
The Division will continue to examine RIAs and broker-dealers that are (or claim to be) offering new robo and/or crypto products and services to identify whether these activities present additional risk and how such risk(s) is being considered when developing compliance programs. There will be a heightened focus on firms that are offering new products and services or employing new practices (e.g., fractional shares, “Finfluencers,” or digital engagement practices) to assess whether:
In regard to crypto-assets, the Division will continue to review whether market participants involved in crypto assets:
If you have any questions about this alert, or any other regulatory matters, do not hesitate to reach out to Akram Team.
New Form PF Requirement Underlines The Need For ‘Institu
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