Private Funds Remain Focus for SEC’s 2024 Exam Priorities

The SEC Division of Examinations (Division) recently released its examination priorities (Priorities) for the SEC’s 2024 fiscal year. The Priorities include a message from Division leadership, which summarizes the Division’s activities in the SEC’s 2023 fiscal year and the Division’s commitment to increased engagement with the industry to promote compliance in a rapidly evolving financial landscape. This article summarizes key components of the Priorities, with a focus on elements of interest to private fund managers, and features insights from Carlo di Florio, global advisory leader for ACA Group and former Director of the Division when it was known as the Office of Compliance Inspections and Examinations, and Kristin Snyder, partner at Debevoise & Plimpton and former Deputy Director of the Division and Head of the Division’s Investment Adviser/Investment Company Program. See our two-part series on the 2023 Exam Priorities: “Private Funds Feature Prominently” (Apr. 13, 2023); and “Key Takeaways for Private Fund Managers” (Apr. 27, 2023).

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