SEC/FCA regulatory compliance, Form ADV tracking and compliance calendar
The SEC Division of Investment Management issued updated FAQs clarifying performance advertising requirements for investment advisers, including net-of-fees presentation requirements for hypothetical performance.
Final amendments to Form PF require large hedge fund advisers to report current report events (extraordinary investment losses, defaults, margin/counterparty events) within 72 hours of occurrence.
The FCA has announced a targeted review of investment manager Consumer Duty implementation, focusing on product governance and value assessments. Deadline for enhanced MI submission: Sep 30 2026.
SEC staff issued a bulletin clarifying disclosure obligations when AI or machine learning tools are used in investment processes, including conflicts of interest disclosures in Form ADV Part 2A.