SEC Announces New Event and Emerging Risks Examination
On July 28, 2020, the SEC announced the creation of the Event and Emerging Risks Examination Team (EERT) in the Office of Compliance Inspections and Examinations (OCIE) to proactively engage market participants about emerging threats and current market events.
The SEC announced that the EERT will (i) focus on implementing OCIE exam priorities, including those identified in OCIE’s annual examination priorities, (ii) help ensure, through examinations and other firm engagement and monitoring activities, that firms are better prepared to address exigent threats, incidents, and emerging risks, and (iii) work with OCIE staff to provide expertise and support in response to significant market events that could have a systemic impact or that place investor assets at risk, such as exchange outages, liquidity events, and cybersecurity or operational resiliency concerns.
The SEC’s press release about the EERT is available here
Vedder Thinking | Articles SEC Announces New Event and Emerging Risks Examination
Newsletter/Bulletin
September 8, 2020
On July 28, 2020, the SEC announced the creation of the Event and Emerging Risks Examination Team (EERT) in the Office of Compliance Inspections and Examinations (OCIE) to proactively engage market participants about emerging threats and current market events.
The SEC announced that the EERT will (i) focus on implementing OCIE exam priorities, including those identified in OCIE’s annual examination priorities, (ii) help ensure, through examinations and other firm engagement and monitoring activities, that firms are better prepared to address exigent threats, incidents, and emerging risks, and (iii) work with OCIE staff to provide expertise and support in response to significant market events that could have a systemic impact or that place investor assets at risk, such as exchange outages, liquidity events, and cybersecurity or operational resiliency concerns.
The SEC’s press release about the EERT is available here
