The Securities and Exchange Commission is making minor changes to the new Form ADV rules it adopted in September requiring investment advisers to file the form electronically, the SEC announced late last month.

The amendments are administrative and generally clarify filing instructions, provide administrative legal requirements for filing, and eliminate minor inconsistencies within the form, according to the SEC. The changes were made based on the feedback of approximately 100 SEC-registered investment advisers that tested the new filing system in a test program that ran from Oct. 17 through Nov. 9, the SEC said.

Because the changes are technical and do not significantly impact the rules, the SEC is not seeking public comment on the matter, according to the release.

The new Form ADV rules was to take effect Jan. 1 and will allow advisers to meet state and federal regulations with a single electronic filing, according to the SEC. The new rules affect Part 1 of the Form ADV and the SEC is still considering amendments to Part 2, the SEC said.

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