When it comes to compliance, ambiguity can lurk in even the most mundane areas. The Annual Compliance Review, a requirement for SEC-registered investment advisers by Rule 206(4)-7 of the Investment Advisers Act of 1940, seems fairly straightforward: An adviser must review its policies and procedures annually to determine their adequacy and the effectiveness of their implementation. However, there are no hard-and-fast rules for how much monitoring and evaluation is enough, how frequently it must be done, or even whether a written report should be produced to formally memorialize the review. Each adviser ultimately is responsible for doing what is right for their particular firm.

On May 8, please join AIMA and ACA Group for a webinar to focus on the whats, whys, and hows of a comprehensive Annual Compliance Review. During this back-to-basics session, we will discuss ways to achieve balance between too much and too little content, what is relevant versus potentially unnecessary, what is reasonable in terms of monitoring frequency, and the regulatory expectations for memorializing findings. We also will review the practical implications the Annual Review may have on resources, and ways in which advisers can optimize the efficiency of the process.

As always, attendee questions are welcome and encouraged. We hope you will join us for this informative event.

Panelists:

• Michele Foldenauer, Co-Lead of  Mock Examination Team, ACA Group
• Robert Baker, Co-Lead of  Mock Examination Team, ACA Group
• Suzan Rose, Senior Adviser, Government and Regulatory Affairs, AIMA

Sponsored by: