I am concerned that my responses to certain questions may trigger an exam by the Commission. What answers will increase my likelihood of being examined?
There are no “wrong” answers to any of the questions. Since the purpose of the form is for you to tell us about the status of your Y2K preparations, the only obligation created by the form is to answer all of the questions truthfully. We will look at all of the questions on the form in their totality and use a common-sense approach to identify advisers for possible exams. For example, an adviser that fails to respond to questions, has no plan, or indicates that material elements of its preparations will not be completed by July 1, 1999, may be examined by the staff.
