Investment Adviser Core Compliance Program Requirements

The Investment Adviser Core Compliance (IA Core) Program coursework consists of 10 required compliance courses, and the submission of the Ethics assessment. Compliance Professionals who complete this program can have this coursework applied towards the requirements for the Investment Adviser Certified Compliance Professional (IACCP®) Program. The IA Core program is co-sponsored by COMPLY and the Investment Adviser Association (IAA).

Overview: Designed for professionals new to the industry and those wanting to solidify their foundational knowledge of the Investment Advisers Act of 1940 and related rules.

Value: Delivers a core level of compliance professional competence.

Timeline: 12 months to complete the program.

Requirements: 10 required courses plus the submission of an Ethics assessment.

What you earn: Certificate of Achievement.

Education next step: Transfer courses and Ethics assessment to the IACCP Program within 12 months of completing the IA Core Program.

Required compliance education – 10 (2 hour) courses

Advisers Act (Six Required Courses)

  • AA01: Introduction to the Advisers Act: Framework; Registration, Exclusions and Exemptions; Exempt Reporting Advisers; Private Fund Advisers; and More
  • AA02: Books and Records Requirements for Investment Advisers
  • AA03: Two Persistent Compliance Challenges: Insider Trading and Advisory Contracts
  • AA04: Understanding Fiduciary Duties and a Sweep of the Anti-Fraud Provisions of the Advisers Act
  • AA05: Advisers Act Anti-Fraud Rules: Custody, Political Contributions, and Proxy Voting Requirements
  • AA06: Compliance Program Rules and Strategies for Managing Your Annual Review

Ethics (Two Required Courses)

  • ETH01: Investment Adviser Codes of Ethics: The Rule Plus Implications of Gifts and Whistleblowers
  • ETH02: Professional Ethics: Ethical Decision-Making for Compliance Professionals

Disclosure (Two Required Courses)

  • DIS01: Form ADV Part 1: Annual Updating Amendment and More
  • DIS02: Form ADV Part 2 and 3: Identifying and Disclosing Conflicts

Additional requirements

  • Submission of the Ethics assessment

View the online events calendar here.

Any questions? Please email nrstraining@comply.com