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               Regulatory Reporting
               Policy
               As  a  registered  investment  adviser  with  the  SEC,  or  appropriate  state(s),  CIS's  policy  is  to  maintain  the  firm’s
               regulatory reporting requirements on an effective and good standing basis at all times. CIS also monitors, on an on-
               going and periodic basis, any regulatory filings or other matters that may require amendment or additional filings
               with the SEC and/or any states for the firm and its associated persons.

               Any regulatory filings for the firm are to be made promptly and accurately. Our firm’s regulatory filings include
               Form ADV, Form 13D, 13F and 13G filings, among others that may be appropriate.

               Background
               Form ADV may serve as an adviser's Disclosure Document and is an adviser's registration document. Form ADV,
               therefore,  provides  information  to  the  public  and  to  regulators  regarding  an  investment  adviser.  Regulations
               require that material changes to Form ADV be updated promptly and that Form ADV be updated annually.

               Forms 13D, 13F and 13G are filings required under the Securities Exchange Act related to client holdings in equity
               securities.

               Responsibility
               The CCO has the responsibility for the implementation and monitoring of our regulatory reporting policy, practices,
               disclosures and recordkeeping.

               Procedure
               CIS has adopted procedures to implement the firm’s policy and reviews to monitor and ensure the firm’s policy is
               observed, implemented properly and amended or updated, as appropriate, which include the following:
                   •   CIS makes an annual filing of Form ADV within 90 days of the end of each fiscal year (Annual Updating
                       Amendment) to update certain information required to be updated on an annual basis.
                   •   CIS promptly updates our Disclosure Document and certain information in Form ADV, Part 1 and Part II, as
                       appropriate, when material changes occur.
                   •   All employees  should report  to  the  Compliance  Officer,  or  other  designated  officer  any  information  in
                       Form ADV and/or the Disclosure Document that such employee believes to be materially inaccurate or
                       omits material information.
                   •   The CCO will review Forms 13D, 13F and 13G filing requirements and make such filings and keep
                       appropriate records as required.
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