Form ADV and RIA Filing Requirements

Rule 204-1 requires an adviser to amend Form ADV at least once a year, within 90 days after the end of its fiscal year, and promptly whenever certain information becomes inaccurate. Rule 204-3 governs delivery of the Part 2 brochure, and Rule 204-5 governs Form CRS for advisers with retail investors.

Depending on the business, an adviser may also file Form PF, Form 13F, Schedules 13D and 13G and state notice filings. A missed annual amendment is one of the simplest findings for an examiner to make.

4 documents on filings, ordered by legal weight

• Current · binding law

  Form ADV Amendment Rule

  Rule 204-1 · 17 CFR 275.204-1

• Current · binding law

  Brochure Rule

  Rule 204-3 · 17 CFR 275.204-3

• Current, conditional · binding law

  Form CRS Delivery Rule

  Rule 204-5 · 17 CFR 275.204-5

• Proposed, not effective · Commission position

  Crypto custody proposal

  Release IA-7023 (proposed) · Proposed 17 CFR 275.223-1