Compliance Deadlines - Second Quarter 2014

There are many regulatory filings and compliance forms that investment managers need to complete throughout the year.  Below is a list of some of the key compliance dates for the second quarter of 2014. Please note that this is general advice that is applicable to most investment advisers with a December 31st fiscal year end. This list is not exhaustive. Fund managers must consider the following key compliance tasks and dates:

April 30, 2014 Form PF updated (Due by April 30th for most investment managers to private funds that file annually and manage between $150 million and $1.5 billion in RAUM).

May 15, 2014  Form 13F (For investment managers with discretion over $100 million or more in Section 13(f) securities).

Other Key Compliance Requirements for the second quarter of 2014 include: - Form D is due 12 months from the fund's last Form D filing. - The SEC requires audited financial statements to be delivered to fund investors by April 30th if the fund's investment manager is SEC registered. - Mailing privacy policy to investors/clients. - Conducting an annual compliance review. - Annual Employee Training. - Brokerage Committee Meeting. - FATCA Registration Deadline Extended to May 5th. - Other-than-Annual Form ADV amendments.

Please reach out to your Sadis & Goldberg contact to discuss your specific situation.

Cheryl Spratt