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Sidley Austin says it analyzed the SEC’s new examination handbook
Sidley Austin said it published an analysis of the SEC Division of Examinations’ October 1 handbook, which replaces the brochure previously sent with examination notices. The firm said the handbook is a staff statement without legal force and largely records existing examination practices rather than new substantive positions.
Key points
- Sidley Austin said staff usually allows two weeks for initial records production, with reasonable extensions and rolling submissions available.Sidley Austin
- The firm said the handbook expressly addresses privilege logs for withheld material.Sidley Austin
- Sidley Austin said staff does not consent to recording, transcription or AI notetaking during meetings.Sidley Austin
- The firm said deficiency letters typically request a written response within 30 days.Sidley Austin