1.1: Detection and Prevention
Potential problems or issues in the securities markets are detected early and violations of federal securities laws are prevented. Other Information:
Supporting Initiatives: 1. Risk Assessment: The SEC will expand its initiative to identify and manage emerging risks and market
trends that threaten the Commission’s ability to fulfill its mission. By creating a formalized risk assessment function, the
agency will be better prepared to determine more quickly whether new business trends and industry practices warrant further
SEC attention and to proactively adjust operations and resources to address these new challenges.2. Risk-Based Inspection
Cycles: The SEC will fully implement a risk-based methodology for selecting and setting examination and inspection cycles
for investment advisers and funds. Larger or higher risk entities will be examined more frequently to ensure that the agency
quickly identifies problems before they affect large pools of savings. 3. Better Access to Registrant Data: The agency will
assess strategies for establishing broader electronic access to registrant data to regularly assess their condition, compliance
with the law, and risk to the markets.4. Enhancing the Interpretive Guidance Process: Theagency’s enterprise architecture
business model identified wide variances in how Commission staff receive, respond to, and analyze interpretive,exemptive,
and no-action requests. As a significant component of the agency’s workload, the effort will determine whether a more efficient
“customer driven” process can be developed that meets the needs of staff, the public, and other external stakeholders. This
initiative may result in changes to business processes as well as the development or integration of information systems.
Indicator(s):
|
