The US Securities and Exchange Commission published its Division of Examinations priorities for fiscal year 2027, covering more than 34,000 registered entities. The focus is on investment advisers' fiduciary duties, complex products for retail investors, private funds and private credit, and broker-dealers' anti-money-laundering controls. The list also includes cybersecurity and operational resilience, the use of advanced artificial intelligence, tokenisation and mandatory clearing of Treasury securities. Oversight of self-regulatory organisations is also on the list.

What it means: The SEC's examination priorities are not new rules, but they show where inspectors will focus next year, and they often foreshadow topics that later concern European authorities too. Tokenisation and artificial intelligence on the list mean US firms using them will have to show that what they tell clients matches reality and that risks are controlled. For Greek companies, the direct effect concerns those with US operations or listings, such as several shipping companies, or those supplying technology to US financial firms, which will ask for more evidence about the security and resilience of their suppliers. At EU level, DORA already requires financial entities to manage technology risk and oversee third-party providers, so firms complying with it already have much of the documentation. The priorities on private funds and private credit match the growing attention of UK and EU authorities to the same sector. Greek firms with US clients or investors would do well to prepare documentation on these topics so they can answer examination questions quickly.

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