The Securities and Exchange Commission’s Division of Examinations published a Risk Alert on Sept. 14, 2026, concerning investment advisers’ annual compliance reviews. Advisers are required to review their compliance policies and procedures at least annually to assess their adequacy and the effectiveness of their implementation.
The Risk Alert highlights areas that advisers may want to consider when conducting those reviews. The SEC announcement does not provide further details about the identified areas.
The Division also encourages advisers to reflect on their practices, policies and procedures. It urges them to implement any appropriate modifications to their annual review processes.
The Risk Alert is titled “Investment Advisers: Examinations Observations Regarding Investment Adviser Annual Compliance Review.” The SEC page was last reviewed or updated on Sept. 14, 2026.