Amy Lynch discusses how SEC seeks to reduce workload on “other-than-annual-amendment” filing (InvestmentNews)

Amy Lynch, Founder and President - FrontLine Compliance
Amy Lynch, Founder and President – FrontLine Compliance

Founder and President Amy Lynch offers insight on how the SEC will deal with the new Form ADV “other-than-annual-amendment” firm filings that occur between October 1, 2017 and March 31, 2018. By allowing advisers to input “0” figures for the new questions within the Form, plus adding a required explanation in the Miscellaneous section of Schedule D, Ms. Lynch cites this change by the SEC as helpful by reducing the additional workload of firms to recalculate assets under management and other data. She also notes that the input of “0” placeholders will also serve as dummy information for the SEC to test the new system and its data tracking. See InvestmentNews, “Advisers get more breathing room to make Form ADV changes“.  Also, See our ComplianceAlert “Questions of New Form ADV Addressed by SEC”.