The SEC's Division of Examinations ("EXAMS") has
released its annual examination priorities for fiscal year 2026
(the "2026 Examination Priorities").1
These are the first set of examination priorities issued under
SEC Chairman Paul Atkins, who has advocated for a renewed focus on
facilitating efficient growth and innovation in U.S. capital
markets without deviating from the SEC's core mission to
protect investors. While acknowledging the importance of
examinations, Chairman Atkins made clear his view that they should
not be a "gotcha exercise." The leadership message
introducing the 2026 Examination Priorities indicates that this
year's priorities reflect a reassessment of EXAMS under
Chairman Atkins, as well as developments in U.S. capital markets
and broader economic and geopolitical forces, but many of the
priorities remain aligned with prior years.
