The compliance date is fast approaching for the US Securities and Exchange Commission’s recently adopted amendments to Form ADV. Initial or amended Form ADVs filed on or after October 1, 2017 (with limited exception, as discussed in this Legal Update) must comply with the amendments. Among other things, the amendments require advisers to provide additional information about their business, including information about their separately managed accounts, social media activity, branch offices, source of chief compliance officer compensation, and participation in wrap fee programs.

This Legal Update served as the basis of a blog post on the Harvard law School Forum on Corporate Governance and Financial Regulation: New Disclosure Requirements in Form ADV.

Downloads –