OCIE 2018 Examination Priorities Focus on Retail, but Private Fund Sponsors Still in Crosshairs

13 February 2018
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Key takeaways

  • Private fund sponsors should continue to review disclosures concerning fees and expenses, assess cybersecurity and anti-money laundering programs, update internal controls, and consider risks associated with cryptocurrency and blockchain.
  • In addition to reviewing disclosures concerning fees, expenses and valuation, firms serving retail investors should review disclosures concerning conflictes of interest and the costs of investing, provide reasonable investment recommendations, and look out for the protection of retail investors.
  • OCIE will continue to evaluate market-wide risks and infrastructure and will assess regulatory compliance and corrective actions taken with a focus on market participants with higher risk profiles.