SEC Launches Risk-Based Exam Initiative for Newly Registered Hedge Fund Advisers

October 9, 2012

The SEC's National Examination Program (NEP) launched an initiative to conduct focused, risk-based examinations of newly registered private fund advisers over the next two years.  The letter described the NEP. Next, the letter explained each of the phases of the examination:  engagement, examination and reporting.

Click http://www.sec.gov/about/offices/ocie/letter-presence-exams.pdf to access a copy of the letter.


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Investment Advisers, Investment Companies, Regulatory