Securities and Exchange Commission Publishes Draft Strategic Plan

On February 3rd, 2014, the Securities and Exchange Commission (“SEC”) released a draft version of Strategic Plan for public comment through March 10th. The plan outlines the SEC’s strategic goals for the years 2014 through 2018.

The Government Performance and Results Modernization Act of 2010 require agencies such as the SEC to “outline their missions, planned initiatives, and performance goals for five years”.

The SEC’s plan outlines more than 70 initiatives to support its strategic goals. The plan also identifies the areas the SEC sees as continuing risks for the commission including:

  • The ability to obtain sufficient resources to fulfill its mission
  • Legislative and regulatory changes may not be successful in providing regulators with a comprehensive understanding of systemic risk or sufficient tools to manage risk.
  • Regulations may be perceived as a substitute for care and diligence on the part of investors in their own decision-making
  • Over-regulation or under-regulation may undermine the competitiveness of the U.S capital markets in an increasingly competitive global marketplace.
  • Over-regulation or under-regulation may chill innovation, entrepeneurship, and prudent risk taking.

This plan can be a weather-vane as to the direction the SEC is taking in the coming years and firms should review it as part of their own strategic planning initiatives.

For more information, or for assistance on other compliance topics, please contact us at (619) 278-0020, or email us at info@corecls.com.

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