Compliance Newsflash – January 25, 2017

January 25, 2017

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General Counsel Anne K. Small to Leave SEC
On January 18, 2017, the SEC announced that General Counsel Anne K. Small will leave the agency later this month. Ms. Small has served as the SEC’s General Counsel since April 2013. As the agency’s chief legal officer, Ms. Small has provided counsel on virtually all of the legal and policy issues before the Commission. Ms. Small also led the Commission’s efforts in revising the rules of practice that govern administrative enforcement proceedings.
To read the full article, click here.

SEC Establishes Supervisory Cooperation Arrangement With Hong Kong SFC
On January 19, 2017, the SEC announced that it has established a comprehensive arrangement with the Hong Kong Securities and Futures Commission (SFC) as part of the SEC’s long-term strategy to enhance the oversight of regulated entities that operate across national borders. Hong Kong is a major financial center and the new supervisory cooperation arrangement will augment the SEC’s and the SFC’s ability to share information about regulated entities that operate in the U.S. and Hong Kong, including investment advisers, broker-dealers, securities exchanges, market infrastructure providers, and credit rating agencies.
For more information, click here.