EXHIBIT 15
To the Board of Directors and Shareholders of Morgan Stanley:
We have reviewed, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the unaudited interim condensed consolidated financial statements of Morgan Stanley and subsidiaries (the “Firm”) for the three-month periods ended March 31, 2017 and 2016, and have issued our report dated May 4, 2017. As indicated in such report, because we did not perform an audit, we expressed no opinion on that information.
We are aware that our report referred to above, which is included in your Quarterly Report on Form10-Q for the quarter ended March 31, 2017, is being incorporated by reference in the following Registration Statements of the Firm:
Filed on FormS-3: | Filed on FormS-8: | |
Registration StatementNo. 33-57202 | Registration StatementNo. 33-63024 | |
Registration StatementNo. 33-60734 | Registration StatementNo. 33-63026 | |
Registration StatementNo. 33-89748 | Registration StatementNo. 33-78038 | |
Registration StatementNo. 33-92172 | Registration StatementNo. 33-79516 | |
Registration StatementNo. 333-07947 | Registration StatementNo. 33-82240 | |
Registration StatementNo. 333-27881 | Registration StatementNo. 33-82242 | |
Registration StatementNo. 333-27893 | Registration StatementNo. 33-82244 | |
Registration StatementNo. 333-27919 | Registration StatementNo. 333-04212 | |
Registration StatementNo. 333-46403 | Registration StatementNo. 333-28141 | |
Registration StatementNo. 333-46935 | Registration StatementNo. 333-28263 | |
Registration StatementNo. 333-76111 | Registration StatementNo. 333-62869 | |
Registration StatementNo. 333-75289 | Registration StatementNo. 333-78081 | |
Registration StatementNo. 333-34392 | Registration StatementNo. 333-95303 | |
Registration StatementNo. 333-47576 | Registration StatementNo. 333-55972 | |
Registration StatementNo. 333-83616 | Registration StatementNo. 333-85148 | |
Registration StatementNo. 333-106789 | Registration StatementNo. 333-85150 | |
Registration StatementNo. 333-117752 | Registration StatementNo. 333-108223 | |
Registration StatementNo. 333-129243 | Registration StatementNo. 333-142874 | |
Registration StatementNo. 333-131266 | Registration StatementNo. 333-146954 | |
Registration StatementNo. 333-155622 | Registration StatementNo. 333-159503 | |
Registration StatementNo. 333-156423 | Registration StatementNo. 333-159504 | |
Registration StatementNo. 333-178081 | Registration StatementNo. 333-159505 | |
Registration StatementNo. 333-200365 | Registration StatementNo. 333-168278 | |
| Registration StatementNo. 333-172634 | ||
Filed on FormS-4: | Registration StatementNo. 333-177454 | |
Registration StatementNo. 333-25003 | Registration StatementNo. 333-183595 | |
| Registration StatementNo. 333-188649 | ||
| Registration StatementNo. 333-192448 | ||
| Registration StatementNo. 333-204504 | ||
| Registration StatementNo. 333-211723 |
We also are aware that the aforementioned report, pursuant to Rule 436(c) under the Securities Act of 1933, is not considered a part of the Registration Statements prepared or certified by an accountant or a report prepared or certified by an accountant within the meaning of Sections 7 and 11 of that Act.
/s/ Deloitte & Touche LLP
New York, New York
May 4, 2017