Source: https://seccsllc.com/ria-compliance-calendar-2018-filing-deadlines/
Timestamp: 2019-11-18 21:54:02
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SEC Compliance Solutions 2018 RIA Compliance Calendar & Filing Deadlines - SEC Compliance Solutions
Don’t miss a deadline! We’ve put together a compliance calendar to help you keep track of regulatory filing deadlines and update your compliance calendar for 2018. You might want to bookmark this one!
We have included the filing deadlines in chronological order. Additional details, including definitions and descriptions of RIA’s general and ongoing compliance obligations, can be found toward the end.
Form 13H (large trader) quarterly filing is due for the calendar quarter end Q4 2017 for advisers that already have a Form 13H filing obligation and have changes to any of the information reported. SEC FAQ
Large liquidity fund advisers must file Form PF with the SEC on the IARD system within 15 days of each fiscal quarter end. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.) SEC FAQ
Form 13F (institutional manager) quarterly filing for Q4 2017 is due within 45 days after the end of the calendar quarter. SEC Fast Answers | SEC FAQ
Form PR is required to be filed with the National Futures Association (“NFA”) for registered Commodity Trading Advisors. The Form PR report for the calendar year ended December 31, 2017 must be filed electronically using NFA’s EasyFile System within 45 days of the CTAs calendar year end.
Large hedge fund advisers must file Form PF within 60 days of each fiscal quarter end on the IARD system. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.)
Large hedge fund advisers with greater than $1.5 billion in regulatory assets under management (“RAUM”), attributable to hedge funds as of December 31, 2017 must make an initial filing. The initial quarterly Form PF filing is due within 60 days of fiscal quarter end if an adviser’s hedge fund RAUM exceeds $1.5 billion as of the previous fiscal quarter end. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.)
Firms that claimed exemptions from Commodity Pool Operator (“CPO”) registration under CFTC Rule 4.5 or CFTC Rule 4.13(a)(3) (the “de minimis exemption”), or Rules 4.13(a)(1), 4.13(a)(2), 4.13(a)(5), and firms that claimed an exemption from Commodity Trading Advisor (“CTA”) registration pursuant to CFTC Rule 4.14(a)(8) must re-affirm those exemptions by March 1, 2018 or those exemptions will be automatically withdrawn.
Large Commodity Pool Operator (AUM greater than $1.5 billion) Form CPO-PQR (December 31 calendar quarter-end report) is required to be filed with the NFA for Commodity Pool Operators.
An adviser may be required to report certain information to its ERISA plan clients and investors for their use in completing Department of Labor Form 5500, including information about compensation received with respect to ERISA plan assets that the adviser manages or that are invested in the adviser’s funds. If you have ERISA plan clients, we recommend that you file this disclosure in April, as ERISA plan clients have to file Form 5500 by July 31, 2018.
Small and Mid-Sized Commodity Pool Operators are required to file their December 31 calendar quarter-end report with the NFA on Form CPO-PQR. Small Commodity Pool Operators (AUM less than $150 million) are required to file Schedule A of CFTC Form CPO-PQR. Mid-Sized Commodity Pool Operators (AUM greater than $150 million) are required to file Schedule A and Schedule B. The due date falls on a Saturday in 2018, so we recommend filing the Friday prior.
Existing registered advisers must update their Form ADV (Parts 1A and 2A) within 90 days of their fiscal year end. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.) The due date for 2018 is Saturday, March 31, 2018 for advisers with December 31 fiscal year end.
Form 13H (large trader) quarterly filing is due for the calendar quarter end Q1 2018 for advisers that already have a Form 13H filing obligation and have changes to any of the information reported.
Large liquidity fund advisers must file Form PF with the SEC on the IARD system within 15 days of each fiscal quarter end. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.) This date falls on a Sunday, in 2018, for firms with a December 31 fiscal year end, so we recommend filing the Friday prior.
Advisers required to file Form PF by April 30, 2018 should ensure IARD filing fees have been paid before filing is due. This should be done several days prior to submission.
Form PF initial filing is due within 120 days of fiscal year end for private fund advisers that are not large hedge fund advisers or large liquidity fund advisers and manage more than $150 million in regulatory assets under management (“RAUM”), attributable to private funds as of December 31, 2017. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.)
Form PF Annual Amendment is due within 120 days of fiscal year end for private fund advisers that are not large hedge fund advisers or large liquidity fund advisers and manage more than $150 million in regulatory assets under management, attributable to private funds. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.)
120 days after SEC-registered advisers’ fiscal year end, registered investment advisers that have made material changes to Form ADV Part 2A are required to deliver to each client either an updated Form ADV Part 2A that includes a summary of material changes (or is accompanied by such a summary) or a summary of material changes with an offer to provide a copy of the updated 2A and information on how to obtain the Form ADV Part 2A. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.)
Private fund investment advisers should have their funds audited by an independent, PCAOB-registered accountant and provide audited financial statements of their funds, prepared in accordance with U.S. generally accepted accounting principles, to the funds’ investors within 120 days of the end of the funds’ fiscal year (for funds with a December 31 fiscal year end, the date is May 1, 2018). Investment advisers that do not have their private funds audited should determine whether they are deemed to have custody of those funds’ assets and therefore are subject to an annual surprise audit and other requirements.
Note: The deadline for private funds that are fund of funds is 180 days of the funds’ fiscal year end. (June 29, 2018 for funds with a December 31 fiscal year end.)
Form 13F quarterly filing is due for Q1 2018 within 45 days after the end of the calendar quarter.
Large hedge fund advisers must file Form PF with the SEC on the IARD system within 60 days of each fiscal quarter end. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.)
Annually, firms that comply with the Global Investment Performance Standards (GIPS) must notify the CFA Institute of their firm’s claim of compliance. The notification must be submitted annually on the GIPS website by June 30, which falls on a Saturday in 2018, so we recommend filing on the Friday prior.
Form 13H (large trader) quarterly filing is due for the calendar quarter end Q2 2018 for advisers that already have a Form 13H filing obligation and have changes to any of the information reported.
13F Quarterly Filing for Q2 within 45 days after the end of the calendar quarter.
Form 13H (large trader) quarterly filing is due for the calendar quarter end Q3 2018 for advisers that already have a Form 13H filing obligation and have changes to any of the information reported.
Large liquidity fund advisers must file Form PF with the SEC on the IARD system within 15 days of each fiscal quarter end. (This due date assumes a fiscal year end of December 31 and may need to be adjusted according to your firm’s fiscal year end.)
13F Quarterly Filing for Q3 is due within 45 days after the end of the calendar quarter.
Investment advisers must amend Part 1 of their Form ADV promptly during the year if information becomes materially inaccurate, unless the inaccuracies result solely from changes in the amount of client assets managed or changes to the fee schedule. Any amendments made after October 1, 2017 will be subject to the new requirements under the Uniform Application for Investment Adviser Registration.
An investment adviser registered with the SEC must provide the ADV Part 2A to a client before or at the time of entering into an advisory agreement with the client. Update and file ADV Part 2A promptly whenever any information becomes materially inaccurate; no update is required in between annual amendments solely to change amount of client assets or fee schedule. Deliver interim amendments if the amendment includes disciplinary information (Item 9). Under the adviser’s ongoing fiduciary obligation, disclose material changes that do not trigger delivery, i.e., material changes other than to disciplinary information between annual updating amendments.
Amendments to Schedule 13G must be filed annually when there are changes. However, if the initial Schedule 13G reports ownership of more than 5% and the registered investment advisor exceeds 10% prior to the end of the calendar year, an amendment must be filed within 10 days after the month in which beneficial ownership exceeds 10%, as computed on the last day of the month. Thereafter, the registered investment advisor must file an amendment within 10 days after the month when ownership decreases or increases by 5%. Once an amendment has been filed showing change of ownership below 5%, no additional filings are needed.
45 calendar days after issuer’s fiscal year end (February 14, 2017 for adviser with fiscal year end of December 31)
S. portfolio company, plus
Many state securities “blue sky” filings expire on a periodic basis and must be renewed. Review blue sky filings for funds to determine whether any updated filings or additional filings are necessary. Form D filings for continuous offerings are required to be amended with the SEC on an annual basis based upon the original Form D file date (i.e., if the initial file date is December 1, 2017, then the annual update will be required to be filed with the SEC by December 1, 2018).
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