File ADV annual amendment within 90 days of fiscal year-end. File "other than annual" ADV amendments on an as-needed basis. File U4 for an individual needing to register, as well as "other than annual" amendments for material changes. File U5 for termination of a registered individual.
Review compliance program, creating "to do" lists.
Create tailored monthly compliance task list showing regulatory requirements, whether SEC- or State-registered.
Conduct and document Annual Review of compliance program for SEC-registered firms OR review Annual Review report for SEC-registered firms doing their own review.
Conduct 1-hour annual compliance meeting for SEC-registered firms OR conduct 2-hour annual in-office check-up for State-registered firms.
Create and file Form CRS Relationship Summary - ADV Part 3. In June 2019, the SEC finalized Regulation Best Interest. Although this rule mostly impacts broker-dealers, RIAs will need to add Form CRS to their IARD filings.
Review policies and procedures manual for regulatory requirements. Review Form ADV 2A and 2B, ensuring language is consistent with Form ADV 1 and meets regulatory requirements.
Train CCOs and/or assistants on compliance requirements.
Prepare for State/SEC exams. Respond to exam deficiency letters.
Edit/proof marketing materials. Format Word documents, using styles.