The U.S. Securities and Exchange Commission’s Division of Examinations published its 2026 examination priorities, setting out the topics it expects to emphasise in the fiscal year 2026 examination programme and signalling areas where firms should review and strengthen compliance controls. The programme covers SEC-registered investment advisers, investment companies, broker-dealers, clearing agencies, and self-regulatory organisations. Alongside core examination areas including fiduciary duty, standards of conduct, and the custody rule, the Division plans to assess compliance with new rules, including the 2024 amendments to Regulation S-P, and will continue to prioritise examinations of newly registered advisers and investment companies. The Division noted that the stated priorities are not exhaustive and that the scope of individual examinations may expand based on other risk factors such as an entity’s history, operations, and products and services.
U.S. Securities & Exchange Commission 2025-11-17
U.S. Securities and Exchange Commission Division of Examinations releases 2026 examination priorities with added focus on new rule compliance including Regulation S-P amendments
The U.S. SEC’s Division of Examinations released its 2026 priorities, focusing on SEC-registered advisers, investment companies, broker-dealers, clearing agencies, and self-regulatory organizations. Key areas include fiduciary duty, conduct standards, the custody rule, and compliance with new rules like the 2024 Regulation S-P amendments. The Division will also prioritize newly registered advisers and investment companies, with examinations potentially expanding based on additional risk factors.