The Securities and Exchange Commission’s Division of Examinations recently published its examination priorities for fiscal year (FY) 2021, reflecting a tone of renewed energy and empowerment in the EXAMS mission. Several risk alerts and new rules have been published and adopted in the past year, signaling an increase in scrutiny and enforcement among asset and wealth management firms.
The Securities and Exchange Commission’s Division of Examinations recently published its examination priorities for fiscal year (FY) 2021, reflecting a tone of renewed energy and empowerment in the EXAMS mission. Several risk alerts and new rules have been published and adopted in the past year, signaling an increase in scrutiny and enforcement among asset and wealth management firms.
In this article, KPMG spotlights seven high-priority focus areas to watch out for in 2021 and considerations for how asset and wealth management firms can navigate this newly energized regulatory environment. Each of these high-priority focus areas will impact senior management, board members and legal and compliance professionals in virtually every area of asset and wealth management business activities.
This article outlines operational considerations in the following areas:
- Leveraging enhanced technologies
- Offering and investing in digital assets
- Designing the right tools to manage Reg BI compliance
- Developing and integrating an ESG governance framework
- Evaluating and training mutual fund and ETF service providers
- Tailoring derivative risk management programs
- Managing private fund risks and compliance given recent developments.
By Mark McKeever
Read the full article here.
