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
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
“[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
“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
“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
“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
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| Robert Ingwer |
Principal Consultant
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| ACA Group |
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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
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| Allison Scher Bernbach |
| Former Senior Counsel |
| Simpson Thacher |
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| Robert Ingwer |
Principal Consultant
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| ACA Group |
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“Staying abreast of what's happening at the SEC has never been more important from a compliance and reputational perspective.”