A compliance checklist is an invaluable tool for registered investment advisors to help with your annual testing requirement of your policies and procedures. Rule 206(4)-7 requires a firm to perform testing on at least an annual basis. That testing includes risk mitigation, discovery of conflicts of interest, business model changes, cyber security violations, and the list goes on.
At Registered Advisor Services we provide our clients with a compliance checklist, both quarterly and annually, that is straightforward, up to date and very easy to use. The questions included on the compliance checklist are thoughtful and provoke the advisor to consider each area within their business practice to determine if a change has occurred. Changes in the practice, very often require an update to documents so that they remain current to the business model. The checklist is also documentation the advisor can provide to their regulator when the advisory firm is next examined.
Call Registered Advisor Services today and let us help you to remain compliant with this important compliance checklist!
