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Topic: Form ADV

Meet These 2017 Regulatory Deadlines

January 20, 2017
Itís January and that means another year of potential to excel, increase returns, and be all you can be. Along with that, the start of 2017 means another year of meeting SEC and other applicable regulatory deadlines.

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Guidance Clarifies Reliance on Predecessor Registrations

December 8, 2016
Five questions, five relatively clear answers. Thatís what the SEC Division of Investment Management provides in its latest guidance on when and how investment advisers may rely on predecessor registrations. Attorneys and consultants providing counsel to investment advisory firms would be wise to use the guidance.

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SEC Adopts Final Liquidity Risk Management and Related Rules with Changes

October 14, 2016
The SEC adopted its final liquidity risk management rule, along with related rules and amendments, on October 13. While the final rule has some significant changes from the proposed version Ė such as reducing the number of liquidity classifications from six to four Ė it will still have a significant effect on how mutual funds and other open-end management funds conduct business.

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SEC Adopts Form ADV Reporting Rule Amendments

August 26, 2016
More than a year after proposing them, the SEC on August 25 adopted amendments to Form ADV that will, among other things, require advisers to provide aggregate reporting on separate accounts. The changes will also allow private fund advisers managing multiple entities as a single business to register and report on just one form, a concept known as "umbrella registration." Compliance by advisers is required by October 1, 2017.

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IAA Supports SEC Effort to Gather More Adviser Data, But Wants Some Changes

August 21, 2015
Enhanced risk monitoring and regulatory safeguards are fine, but please do it in a way that reduces the regulatory burden on small advisory firms and protects client confidentiality. Also, as long as youíre tinkering with Form ADV, please clear up the confusion on the current form regarding custody.

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Outsourced CCO and Advisers Face Form ADV, Books and Records Charges

April 17, 2015
Outsourcing a chief compliance officer may leave both an adviser and the third-party CCO it hired in trouble.

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Consequences for Inflating AUM May Be Worse Than Expected

March 27, 2015
Firms may be tempted to lie about the amount of assets they have under management in order to gain SEC registration Ė and the additional clients that larger firms get.

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More Answers to the Most Common Form ADV Questions

March 13, 2015
Last week, ACA Insight provided answers to Form ADV questions that advisers frequently find bothersome. Below we provide answers to more. Use the answers to make sure you complete your Form ADV accurately and completely.

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Form ADV Changes, Transition Plans, Stress Tests Coming

March 13, 2015
Thereís more work coming your way.

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Form ADV: Answers to the Most Common Questions

March 6, 2015
The end of March is fast approaching, and that means itís time to get your Form ADV updates in. One key step in that process is making sure you understand all the questions so you can complete the forms accurately and completely.

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'May’ May Not Be the Best Word to Use

September 12, 2014
When attorneys advise firms to use the word "may" in completing Form ADV Part 2 and other documents, they are usually trying to protect their clients while at the same time leaving options open.

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Form ADV: Identify and Address the Challenges

August 22, 2014
Sometimes itís the most basic things that are the easiest to get wrong.

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SEC Staff to Mutual Funds: Don’t Disclose So Much in the Summary Section

July 25, 2014
TMI. Too much information. Thatís the SECís staffís complaint against mutual funds that disclose too much in the Summary Section of Form N-1A.

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Custody Email from SEC Staff Adds Wrinkle to Form ADV Amendment Filing

March 14, 2014
Itís March, and for many investment advisers that means filing their Form ADV amendments with the SEC before monthís end. Now the agency staff has added a new wrinkle: a March 5 "reminder" email that attempts to clarify how you answer the formís custody questions.

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Goldman Sachs Obtains Brochure Rule Relief

July 12, 2013


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Disclosure Tips For Your Form ADV

April 12, 2013


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Top Ten Mistakes Advisers Make on Their Form ADV

May 7, 2012


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SEC Updates Form ADV FAQs

March 31, 2012


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Registering Advisers, Word To The Wise – Don’t Let Filing Details Trip You Up

May 22, 2011


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SEC Posts FAQs on Form ADV Part 2

March 25, 2011


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