2023 SEC Exam Priorities

On February 7, the Division of Examinations of the Securities and Exchange Commission (the “Division”) published its 2023 Examination Priorities (the “Exam Priorities”).1 The Exam Priorities indicate a particular Staff examination focus on registered investment advisers (“RIAs”) generally, and private fund advisers specifically, highlighting certain areas where enhanced Staff scrutiny is anticipated, including the Marketing Rule.
Source: 2023 SEC Exam Priorities