Alert ID: 165 12/9/2013
Suggested Routing:
Legal & Compliance
Registration
 
Senior Management
Training
  

2013 Year-End Compliance Checklist for
Investment Advisers


The end of the year is fast approaching so we want to take this opportunity to remind our IA friends and clients of upcoming deadlines for 2013 year end compliance activities.  If you need any assistance in completing your year end checklist, or have questions regarding any items listed below, please feel free to contact us. We want to make sure that you go into next year with the "peace of mind” that everything is completed for 2013.


Event

Deadline

 

 

Annual Compliance Meeting (Best Practice)

31-Dec-2013

Delivery of Privacy Policy - Annual

31-Dec-2013

Annual Internal Inspection of Records and Compliance Testing

31-Dec-2013

Web IARD Renewal Payments (Preliminary Notice)

13-Dec-2013

Web IARD Deadline for new Form U4s, U5s, Partial ADVWs and Part I Amendments

26-Dec-2013

Annual Review of Business Activities, Form ADV and Update of Written Supervisory Procedures

31-March-2014

Annual Review and Testing of Business Continuity Plan

31-Dec-2013

Review of Compliance with Recently Adopted Rules

31-Dec-2013

Large Trader Reporting

 

Implementation of the Whistleblower Provisions of Section 21F of the Securities Exchange Act of 1934

 

Investment Adviser Performance Compensation

 

Rule 206(4)-5 Political Contributions by Certain Investment Advisers

 

Redline Version of Amended form ADV Part 1

 

Rules Implementing Amendments to the Advisers Act

 

Amendments to Form ADV 2

 

Reporting by Investment Advisers to Private funds and Certain Commodity Pool Operators and Commodity Trading Advisors on Form PF

 

Net Worth Standard for Accredited Investor

 

Disqualification of Felons and Other “Bad Actors” from Rule 506 Offerings

 

Due Diligence obligations concerning third party money managers, fund sponsors and or alternative investments utilized with advisory clients

 

Identity Theft Red Flag Rules

 

 

 

 

 

 

 

Annual Business Continuity Notice to Customers

1-Dec-2013

Annual FINRA Entitlement user accounts certification process

30 day process which commences around 14-Jan-2014

Branch Office Inspections Including:

Review Branch Exam Schedule Annually

       ** Testing of Firm's Privacy Policy

 

       ** Testing of Firm's Business Continuity Plan

 

       ** Audit of Electronic Communications Archiving System

Review Annually

       ** Review of Third Party Outsourced Vendor Contracts and Services

 

Associated Person Compliance Representations Including:

Review Annually

       ** Accuracy of Form U4 Information

 

       ** Disclosure of Outside Business Activities

 

       ** - Conflicts Review of Outside Business Activities

 

** Review Social Media use by Advisory Representatives

 

       ** Supervision of Emails by Advisory Representatives

 

       ** Anti-Money Laundering

 

       ** Disclosure of Outside Brokerage Accounts

 

       ** Disclosure of Outside Private Securities Activities

 

 

 


If you desire assistance with any of the above services, as discussed herein, please contact Danny LeGaye of MGL at (281) 367-0380 or via email to dlegaye2@mglconsulting.com

  MGL Consulting LLC
33300 Egypt Lane, Suite E400
Magnolia, Texas 77354
Phone: 281-367-0380

Insight and Direction
Published and Copyright© 2002 MGL Consulting LLC all rights reserved and all of the releases provided are protected by copyright and other applicable laws, treaties, and conventions. All reproductions, other than for an individual user's reference, are prohibited without prior written consent.
Click here to Signup