This is a follow up on our July 21 blog post reporting that the SEC announced approval for amendments to Form ADV Part II – now officially renamed “Part 2″), which (among other things) will require advisers to make their brochures publicly available via electronic filing, and will change the format of the brochure from its current “check the box” approach to a more narrative, “plain English” approach.
On July 28, the SEC published the Adopting Release along with the revised Form ADV Part 2 . More on the specific disclosure items contained within the new Part 2 will be discussed on upcoming blogs.