SEC Begins Using Revised Examination Document and Information Request Letter

The SEC has started using a revised template document and information request letter in connection with its examinations of registered investment advisers and other registered entities. The revised letter replaces the controversial 27-page letter released last year by the SEC’s New York Regional Office. The revised letter is shorter and contains more general requests for documents and information, which may mean fewer requests from the SEC up front, but more supplementary requests in the course of an examination. The revised letter also contains certain categories of requests focused specifically on advisers to private funds.

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