This twenty-second installment of the Hedge Fund Law Report’s quarterly compliance update, authored by ACA Group (ACA) consultants Joey Martinez, Valerie Speare and Dan Campbell, highlights upcoming filing deadlines and reporting requirements that fund managers should be aware of during the fourth quarter. This article also includes information on recent SEC enforcement actions against investment advisers focusing on compliance with the Custody Rule and the Pay to Play Rule under the Investment Advisers Act of 1940, as well as a recent risk alert concerning how the SEC’s Division of Examinations intends to focus on the new Marketing Rule. For more from ACA, see “Navigating Trade and Communications Surveillance Challenges” (Apr. 21, 2022).