Compliance Outreach on Regulation S-P

Final Event for Small Firms

The Securities and Exchange Commission is holding its third and final outreach event to help firms comply with amendments to Regulation S-P. This hybrid event is geared toward small firms, whose compliance date is June 3. These Regulation S-P compliance outreach events have been tailored for each registrant type and scheduled according to their corresponding compliance deadlines as published in the Regulation S-P rule amendments.

Event Focus

Staff from the Division of Examinations, Division of Investment Management, and Division of Trading and Markets will cover new Regulation S-P compliance obligations, discuss what to expect when interacting with exam teams during examinations, and answer remaining compliance questions. The event addresses the regulation's history and core regulatory framework aspects, including past risk alerts, rule amendments, entities subject to the amendments, incident response program expectations, and SEC perspectives on monitoring processes.

Program Content

The program covers expected format and production requirements for customer notices, SEC perspectives on the examination lifecycle for entities subject to Regulation S-P, and expected maintenance and production of policies, procedures, books, and records. The event includes a practical workshop where examination staff engage in incident response tabletop discussions, review sample document request lists, and demonstrate mock examination sessions, providing attendees with concrete examples of examination processes and requirements.

Event Details

This hybrid event accommodates both in-person and online participation. In-person attendance requires advance registration, while online attendance has preferred but not required advance registration. The livestream will be available on the event page on the day of the event. Questions may be submitted in advance through the registration page, enabling participants to address specific compliance concerns relevant to their organizations.

What to Expect

This final compliance outreach event provides small firms with comprehensive guidance on meeting Regulation S-P amendment requirements before the June 3 compliance deadline. Through presentations covering regulatory history, examination approaches, potential risk alerts, and hands-on workshop demonstrations, participants gain practical understanding of compliance obligations and examination expectations while having opportunities to clarify implementation questions with SEC staff across multiple divisions.