What’s Next for the SEC? A Look at the Latest Reg Flex Agenda

The SEC recently issued its spring 2024 so-called “Reg Flex” agenda. The SEC’s spring 2024 regulatory agenda has 34 items, including 15 at the proposed rule stage and 19 at the final rule stage. Those in the final rule stage that are most relevant to private fund advisers are slated to be finalized by the end of October 2024. The items in the agenda most immediately relevant to private fund advisers are the planned final rules for outsourcing; disclosure on environmental, social and governance practices; and cybersecurity risk management and reporting, Christopher S. Avellaneda, partner at Schulte Roth & Zabel, told the Private Equity Law Report. Potential reproposals of the Safeguarding Rule and the Predictive Data Analytics Rule could also be highly relevant to private fund managers. This article discusses the agenda items of relevance to private fund managers, with additional commentary from Avellaneda. See “SEC’s Fall 2022 Reg Flex Agendas Offer No Relief From Relentless Rulemaking” (Feb. 23, 2023).

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