Case Study: Form ADV

In the proposing release for the Form ADV amendments, the SEC is asking advisers to provide substantial amounts of information on their managed accounts. The new information gathered on Form ADV is meant to be a complement to Form PF data that is already collected by the U.S. government. The questions differ slightly and managers should confirm that they would be in a position, technically and under their various management agreements, to complete this new section of the Form ADV. In addition, managers should note that the proposed rule does not treat these responses confidentially, which contrasts with the treatment of Form PF data.

Click here to read this article, in which SRZ partner Brian T. Daly discusses how fund managers can prepare for the new SEC Form ADV disclosures.