The SEC under Chair Gary Gensler has pursued an aggressive rulemaking agenda that has touched many aspects of the financial services industry and posed significant new challenges for private fund advisers. A recent Alternative Investment Management Association (AIMA) program offered a roadmap to the SEC rulemaking process, focusing on the importance of the public comment period; ways advisers can tailor effective comments, whether individually or through industry associations; and the opportunity to provide input to the SEC even after the end of the comment period. The program was led by Suzan Rose, senior advisor to AIMA, and featured Robert Holowka and Nathan Schuur, both Senior Counsel in the SEC Division of Investment Management, as well as Michael A. Kitson, deputy CCO and counsel at Bridgewater Associates LP. See “Deputy Director of SEC Division of Investment Management Discusses Pending Rulemaking” (May 12, 2022). See also our coverage of recent SEC rulemaking on beneficial ownership; climate risk disclosure; cyber risk management; environmental, social and governance disclosure; Form PF; private funds; securities dealers; security-based swap execution facilities; security-based swaps; and short sales.