As we approach the end of its fiscal year and amidst ongoing federal government shutdown risks, the U.S. Securities and Exchange Commission’s (SEC) Division of Examinations (Exams) has unveiled its fiscal year (FY) 2024 priorities.
According to statements from Exams, this year’s examinations will focus on areas that present emerging risks to investors or the markets, in addition to core areas of concern. What this entails is yet to be fully elaborated; nevertheless, the broad strokes of the agenda suggest that the SEC is refocusing its efforts to be ahead of potential risks that could disrupt both the national and global finance systems.
As legal professionals, it is paramount that we stay informed about these developments. Corporate compliance departments and law firms alike will have a crucial role in navigating the evolving regulatory landscape, aiding both the businesses they serve and, essentially the smooth operation of the markets.
For a more comprehensive review of the SEC’s division of examinations’ fiscal year 2024 priorities, you can view the full announcement on this topic by Holland & Knight LLP. As always, anticipating regulatory changes will be vital for all stakeholders in the industry.