June 23, 2020

SEC’s OCIE to Begin LIBOR Preparedness Exams

On June 18, 2020, the Office of Compliance, Inspections and Examinations (“OCIE”) of the US Securities and Exchange Commission (“SEC”) announced in a risk alert that it will conduct examinations of SEC-registered investment advisers, broker-dealers and investment companies, among others, to assess their preparedness for LIBOR’s expected discontinuation. This Legal Update provides further detail.

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