Monday, November 2, 2015

Annual CCO Report?

CCOs. Have you started your 2015 Compliance Testing / Annual Review?

Firms registered with the U.S. Securities and Exchange Commission ("SEC") are required to have a CCO that is responsible for the implementation of its compliance program. Rule 206(4)-7 of Advisers Act (the "CCO Rule") requires that the CCO of an SEC-registered investment advisor assess the effectiveness of its compliance program at least annually.

State registered investment advisor may also be required to complete such report. Even if not explicitly stated, all regulators expect that that CCO will perform testing and validation of its policies, procedures and controls. you know...if it is not documented, did it really happen??

AdvisorAssist has templates to help you get started and we are here to support you with this process. If you need support on your Annual CCO Report, please contact us at


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