Each month, we publish the Securities Operations Regulatory Update (SORU)
as part of our Regulatory Compliance Service.
The SORU is the premier monthly guide to pending regulatory changes relevant to securities operations. Within it you will find updates on key regulatory issues important to securities operations professionals, helpful synopses to better understand reasoning and implications behind new legislation and regulatory changes, and access to critical information regarding impacts to your compliance programs and regulatory requirements.
This month’s SORU is notable for the extension of three comment periods for SEC proposals related to ESG disclosures, private fund advisers and Regulation ATS. The SEC also demonstrated this month its intention to give greater scrutiny to crypto assets and cybersecurity issues by expanding the staffing for the targeted enforcement unit by 20 positions. Lastly, this month’s SORU includes two significant enforcement actions by the SEC that impose hefty fines.
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