Compliance Outreach on Regulation S-P

The Securities and Exchange Commission is holding a series of three compliance outreach events regarding the 2024 adoption of amendments to Regulation S-P. The Regulation S-P compliance outreach events are tailored for each registrant type and scheduled according to their corresponding compliance deadline published in the Regulation S-P rule amendments.

This first event focuses on large firms. Staff from the Division of Examinations, Division of Investment Management, and Division of Trading and Markets cover the new Regulation S-P compliance obligations, discuss what to expect when interacting with an exam team during an examination, and answer any remaining compliance questions.

• Final Rule: Federal Register Version
• Fact Sheet
• Press Release
• Small Entity Compliance Guide
• Webcast Archive

AGENDA

Panel A: Historical discussion of Regulation S-P and the rule’s new provisions

This panel is discussing the history of the regulation, including an overview of core aspects of the regulatory framework and discussion of past risk alerts on the subject.

The panel will also discuss the rule amendments, which entities are subject to the Regulation S-P Amendments, incident response program expectations, and SEC perspectives on the monitoring process. There will also be a discussion on the expected format and production requirements for notices to customers by the entities.

Panel B: Exams’ approach moving forward, including a discussion of potential Risk Alerts and other SEC publications

This panel is providing SEC perspectives on the examination lifecycle for entities subject to Regulation S-P, including the expected maintenance and production of certain policies, procedures, books, and records.