The Securities and Exchange Commission earlier this year issued a two-part release that could impact investment managers – including loan managers. The second part of the release requests comments regarding proposed enhanced investment adviser regulation. The LSTA this week submitted a comment letter on the two proposals, broadly supporting the recommendations of the Investment Advisers Association (“IAA”). The LSTA added a recommendation regarding Form CRS that would be relevant to some registered advisers that manage loans. The IAA letters are available here and here.