Deadline reference
Annual review of compliance policies and procedures
17 CFR 275.206(4)-7(b). SEC, United States (federal). Recurring; binding rule.
Not legal advice. The period or date below is quoted from the official source with its conditions; whether and how it applies depends on your firm's facts and your actual regulatory correspondence. Confirm it in the official source.
Status: Active. Last checked 2026-11-09. All references.
Who it applies to
SEC-registered investment advisers.
Investment advisers registered or required to be registered under section 203 of the Advisers Act.
Sources: [1] § 275.206(4)-7, introductory text
Exclusions
No exclusions recorded.
The published period or date
- Official text
- Review, no less frequently than annually, the adequacy of the policies and procedures established pursuant to this section and the effectiveness of their implementation
- Type
- Recurring
- Recurrence
- No less frequently than annually. The rule sets no calendar date.
- Legal status
- Binding rule.
- Effective
- Not stated to present
- Conditions and transitions
- The rule states the frequency in words; it does not state a number of months or a fixed date.
- Sources and locators
- [1] § 275.206(4)-7(b)
No due date is computed here. The toolkit does not interpret event-relative periods, count business days or hold a holiday calendar.
Cite
Cite the official source first. Then: Taft Compliance Group, Exam-prep toolkit (draft), deadline reference dl-ria-annual-compliance-review, https://taftcompliance.com/resources/exam-prep-toolkit/deadlines/dl-ria-annual-compliance-review, last checked 2026-11-09.
Sources
Office of the Federal Register, eCFR, 17 CFR 275.206(4)-7 Compliance procedures and practices. rule. § 275.206(4)-7, introductory text and paragraphs (a) to (c).
https://www.ecfr.gov/current/title-17/chapter-II/part-275/section-275.206(4)-7
Checked 2026-11-09.
Supporting passage
If you are an investment adviser registered or required to be registered under section 203 of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3), it shall be unlawful within the meaning of section 206 of the Act (15 U.S.C. 80b-6) for you to provide investment advice to clients unless you: (a) Policies and procedures. Adopt and implement written policies and procedures reasonably designed to prevent violation, by you and your supervised persons, of the Act and the rules that the Commission has adopted under the Act; (b) Annual review. Review, no less frequently than annually, the adequacy of the policies and procedures established pursuant to this section and the effectiveness of their implementation; and (c) Chief compliance officer. Designate an individual (who is a supervised person) responsible for administering the policies and procedures that you adopt under paragraph (a) of this section.
Changes to this reference
No released changes.