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Simpson Thacher Partners Quoted in Private Equity Law Report on 2024 SEC Examination Priorities
12.14.23
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Partners Michael Osnato and Meaghan Kelly were quoted in a Private Equity Law Report article titled, “2024 SEC Examination Priorities: New Approaches to Old Areas of Concern,” which highlighted key takeaways for private fund managers from the SEC Division of Examinations’ 2024 examination priorities. Michael noted how the SEC’s more frequent risk alerts and insights into processes may be helpful to a degree, but a more material impact would occur if examiners were encouraged to be more transparent during exams. Meaghan added that transparency is a continuing theme for the SEC, explaining that additional risk alerts may be released for new rules, but advisers should still ensure their policies and practices are up to date because there will be no grace period for compliance with new SEC rules once their compliance dates pass.
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