The Securities and Exchange Commission is raising the bar for mutual fund companies’ compliance programs, having found 40% of such programs deficient in 2006, according to a new white paper from SEI Investments. Another reason the SEC has higher standards is because of its CCOutreach programs, which are meant to better educate fund compliance and regulatory staff.

All of this is despite the fact that the SEC hasn’t enacted any new rules this year. Of the 52 CCOs and fund executives that SEI surveyed, 84% said the SEC’s requests have become more onorous, asking for more information ahead of exams and tougher questions once examiners arrive.

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