SEC to Host Webinar for Large Firms on Regulation S-P

The Securities and Exchange Commission today announced it will hold a series of three compliance outreach events regarding the 2024 adoption of amendments to Regulation S-P. The first event, for large firms, is a webinar scheduled for Sept. 25 from 1 p.m. to 2 p.m. ET. The other two events, for transfer agents and small firms, will be announced at a later date.

The Regulation S-P compliance outreach events will be tailored for each registrant type and scheduled according to their corresponding compliance deadline published in the Regulation S-P rule amendments. Staff from the Divisions of Examinations, Investment Management, and Trading and Markets will cover the new Regulation S-P compliance obligations, discuss what to expect when interacting with an exam team during an examination, and answer any remaining compliance questions.

"These enhancements to further safeguard consumer's personal information will benefit both investors and firms; however, we recognize implementation may create challenges associated with compliance," said Keith Cassidy, Acting Director for the Division of Examinations. "The SEC's Division of Examinations wants to help firms clearly understand the requirements of implementing the updated Regulation S-P obligations so we can reach the mutually beneficial goal of improving the safeguards that protect investors' personal information."

While not required, advance registration is preferred. Questions may also be submitted in advance.

A link to watch the event will be available on Sept. 25 on https://www.sec.gov. Additional information about each Regulation S-P compliance outreach events, including the agenda and speakers, will be posted on the Reg S-P Compliance Outreach webpage.