The coronavirus pandemic has posed challenges to the operations of all organizations – and the SEC was no exception. In spite of those challenges, the SEC remained very productive, noted the speakers at the annual “Compliance Year in Review” presented by ACA Compliance Group (ACA). The discussion was led by Carlo di Florio, ACA partner and global chief services officer, and featured ACA directors Michael Abbriano and Michelina Cuccia, along with senior principal consultant Ian Rivera. This two-part series distills the key observations from the program. This article covers examination trends, priorities and initiatives; as well as notable enforcement activity. The first article
delved into the unique challenges posed by the coronavirus pandemic, as well as the SEC’s issuance of proposed and final rules, guidance and risk alerts that affect private fund managers. For more from ACA, see “Advisers Must Prepare for the Upcoming Expansion of the E.U. and U.K. Prudential Regimes
” (Nov. 12, 2020).