The SEC Office of Compliance Inspections and Examinations (“OCIE” or the “Staff”) recently released its 2015 Exam Priorities. OCIE examines all types of SEC registrants, including investment advisers, broker-dealers, investment companies, municipal advisors and transfer agents. Each January, the release of the OCIE Exam Priorities provides a useful guide and reminder to registrants in connection with their individual compliance program and risk management reviews for the year ahead.
Exam Priorities are always a reflection of current trends and news and, in recent years, also reflect the SEC’s expanded capabilities for monitoring market activity through data analytics. They are not exclusive—actual exams may, and will, cover other topics.
For highlights of the OCIE 2015 Exam Priorities (with Commentary) please read our Client Alert on reedsmith.com.