Is an SEC registered investment adviser required to maintain written supervisory and compliance procedures?
On February 5, 2004, the United States Securities and Exchange Commission adopted SEC Rule 206(4)-7 of the Investment Advisers Act of 1940 requiring SEC registered investment adviser firms to adopt and implement written supervisory and compliance policies and procedures and to designate a chief compliance officer to administer its compliance policies and procedures.
Related Questions
- Once a registered investment adviser has developed written supervisory and compliance policies and procedures, what happens?
- What must be covered in an SEC registered investment adviser’s written supervisory and compliance policies and procedures?
- Is an SEC registered investment adviser required to maintain written supervisory and compliance procedures?