The Securities and Exchange Commission is holding its third and final outreach event to help firms comply with amendments to Regulation S-P. This hybrid event is geared toward small firms, whose compliance date is upcoming on June 3.
Please register in advance for in-person attendance. For online attendance, advance registration is preferred but not required. The livestream will be available on this page on the day of the event. Questions may be submitted in advance on the registration page.
These Regulation S-P compliance outreach events have been tailored for each registrant type and scheduled according to their corresponding compliance deadline as published in the Regulation S-P rule amendments.
Staff from the Division of Examinations, Division of Investment Management, and Division of Trading and Markets will 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. The event also will include a workshop where examination staff will engage in an Incident Response tabletop discussion, review a sample document request list, and demonstrate a mock examination session.
AGENDA
Panel A: Historical discussion of Regulation S-P and the rule’s new provisions
This panel will discuss 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 will provide 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.
Panel C: Examination Workshop
Examination staff will engage in an incident response tabletop discussion, review a sample document request list, and demonstrate a mock examination session.
Q&A
The panelists will answer pre-submitted and live audience questions.
