Compliance Newsflash – January 30, 2019

January 31, 2019

DLA is committed to keeping our clients and friends updated on relevant news and topics in the industry by distributing a weekly Compliance Newsflash. We hope this provides you with helpful and insightful information for you and your firm! Join our mailing list by clicking here: DLA Newsflash Registration.

Private Funds Watch: The SEC’s 2019 Agenda

On January 24th, 2019, the PE Hub Network reported that the SEC’s Office of Compliance Inspections and Examinations (OCIE) released its examination priorities for 2019 showing its continuing focus on the private funds industry.  Important for investors and private fund sponsors alike, here, we discuss key highlights of OCIE 2019 examination priorities and other notable areas of SEC focus. Additionally, included below are some reminders of annual reporting obligations applicable to private fund sponsors.

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SEC Back to Work, but Expect Slow Response Times

On January 28th, 2019, ThinkAdvisor reported that the Securities and Exchange Commission (SEC) had resumed normal staffing levels and is returning to normal operations, but response times to questions will take longer than usual, the agency said.   SEC Chairman Jay Clayton said in a statement that the agency’s nearly 4,500 employees are now returning to their posts in Washington headquarters as well as the 11 regional offices, and that leaders of the agency’s divisions, in consultation with other staff members, “are continuing to assess how to most effectively transition to normal operations.”

For more information, click here.