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The Regulatory Roundtable Podcast

The Regulatory Roundtable is a podcast hosted by Simpson Thacher. Each episode features leading attorneys with deep knowledge of the funds regulatory landscape and takes you behind the scenes on important policy, exam and enforcement issues affecting funds and the asset management industry. With increased regulatory scrutiny from the SEC and other agencies, staying on top of regulatory trends has never been more important. We look forward to having you join us at the table.


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In This Episode:

At the Table: SEC’s Focus on Artificial Intelligence

In the latest episode of The Regulatory Roundtable, co-produced with Simpson Thacher’s The Funds Channel, we discuss the SEC’s focus on artificial intelligence, including in exams and the recent settlements with two investment advisers in connection with their statements regarding their use of artificial intelligence, and considerations for looking ahead.

Meet the Hosts of Episode 7

Meaghan Kelly
Meaghan A. Kelly
Partner 
Simpson Thacher
Shannon O'Sullivan
Shannon M. O’Sullivan
Partner
Simpson Thacher

Previous Episodes

In This Episode:

At the Table: Exploring the SEC’s Recently-Adopted Private Fund Adviser Rules

This episode focuses on the SEC’s new and amended rules targeting private fund advisers, which were adopted on August 23. In addition to reviewing the rules’ requirements — including some significant modifications from the rules that were proposed in February 2022 — we discuss our expectations for fund advisers under the new rules and the ongoing litigation challenging them, as well as exam and enforcement observations.

Meet the Hosts of Episode 6

David W. Blass
David W. Blass
Partner 
Simpson Thacher
Meaghan Kelly
Meaghan A. Kelly
Partner
Simpson Thacher
“[A]dvisers are going to have to pay attention to all of the rules and start the process towards compliance pending the litigation”

In This Episode:

At the Table: Exams and Enforcement – Focusing on Private Funds

In this episode we take a bird’s eye view of the current SEC private funds environment and what’s to come. Outlining policy and rulemaking, the increasingly challenging exam program, and the state of play on enforcement, we discuss the return to private funds as a marquee exam and enforcement priority.

Meet the Hosts of Episode 5

Marc P. Berger
Marc P. Berger
Partner
Simpson Thacher
David W. Blass
David W. Blass
Partner 
Simpson Thacher
Meaghan Kelly
Meaghan A. Kelly
Partner
Simpson Thacher
Michael J. Osnato, Jr.
Michael J. Osnato, Jr
Partner
Simpson Thacher
“If the funds industry has managed the past couple years to stay off the front page, to stay off the hot seat – we think that’s about to change.”

In This Episode:

At the Table: Navigating the Global ESG Regulatory Landscape

In this episode we discuss global ESG trends and evolving regulatory frameworks, including the recent increase of proposed legislation in the U.S. concerning ESG investments; the SEC climate disclosure rule proposed on March 21, 2022; and the scope of reporting obligations under the EU Sustainable Finance Disclosure Regulation (SFDR), Corporate Sustainability Reporting Directive (CSRD), and U.K. Task Force on Climate-Related Financial Disclosures (TCFD).

Meet the Hosts of Episode 4

Leah Malone
Leah Malone
Partner
Simpson Thacher
Matt Feehily
Matt Feehily
Counsel
Simpson Thacher
Emily Holland
Emily B. Holland
Counsel
Simpson Thacher
Carolyn Houston
Carolyn S. Houston
Counsel
Simpson Thacher
“These disparate global [ESG] standards are causing tension, and this tension is not and will not be easily navigated.”

In This Episode:

At the Table: Tackling Implementation of ESMA Marketing Guidelines and the SEC Marketing Rule

In this episode we discuss the emergence of new ESMA marketing guidelines; compliance with the SEC’s new marketing rule coming into effect November 4, 2022; and key takeaways of interest for sponsors operating in the EU and the U.S.

Meet the Hosts of Episode 3

David Blass 
David W. Blass
Partner
Simpson Thacher
Meaghan Kelly
Meaghan A. Kelly
Partner
Simpson Thacher
Owen Lysak
Owen Lysak
Partner
Simpson Thacher
“It’s not quite that you get explicit conflict between the two regimes, but there’s going to be push and pulls around market practice and expectations.”

Episode 2:

At the Table: Discussing the SEC’s March Towards Granular Oversight of the Private Funds Industry

This episode focuses on the SEC’s February 9th proposed rules targeting private equity and private funds; the SEC’s January 26th proposed amendments to Form PF; and the Division of Examinations risk alert published January 27th.

Meet the Hosts of Episode 2

David Blass 
David W. Blass
Partner
Simpson Thacher
Meaghan Kelly
Meaghan A. Kelly
Partner
Simpson Thacher
Michael J. Osnato, Jr.
Michael J. Osnato, Jr.
Partner
Simpson Thacher
Robert Ingwer
Robert Ingwer
Principal Consultant
ACA Group

Episode 1:

At the Table: Diving into the Regulatory Environment for Private Funds Following Chairman Gensler’s Recent Remarks

This inaugural episode focuses on the SEC’s priorities relating to private funds, including SEC Chairman Gary Gensler’s recent speech at the ILPA Summit; emerging exam trends including document production, deficiency letters and MNPI concerns; and changes to the exam referral process over the last two years.

Meet the Hosts of Episode 1

Marc P. Berger 
Marc P. Berger
 Partner
 Simpson Thacher
Allison Scher Bernbach
Allison Scher Bernbach
Former Senior Counsel
Simpson Thacher 
Michael J. Osnato, Jr.
Michael J. Osnato, Jr.
Partner
Simpson Thacher 
Robert Ingwer
Robert Ingwer 
 Principal Consultant
ACA Group 
“Staying abreast of what's happening at the SEC has never been more important from a compliance and reputational perspective.”

Additional Resources

    News & Events

      Publications

        The Regulatory Roundtable
         Apple Podcasts Spotify   RSS
        Spotlight on
        Share Your Feedback and Questions for the Podcast
        Spotlight on
        Josh Levine and Daniel Levien Author NYLJ Article on the Corporate Transparency Act
        Spotlight on
        New SEC Risk Alert Focuses on ESG-Related Disclosures and Policies
        Spotlight on
        White Paper: Implications of New SEC Marketing Rule for Private Fund Sponsors