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

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.





Annual Compliance Meeting (Best Practice)


Delivery of Privacy Policy - Annual


Annual Internal Inspection of Records and Compliance Testing


Web IARD Renewal Payments (Preliminary Notice)


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


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


Annual Review and Testing of Business Continuity Plan


Review of Compliance with Recently Adopted Rules


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


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

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

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