Rule context: 17 CFR 275.206(4)-1(c). This generic checklist is not legal advice and does not determine whether any communication is an advertisement or whether any law applies.
Review questions
- Assess whether the questionnaire permits favorable and unfavorable responses equally.
- Show the rating date and the period on which it was based.
- Identify the party that created and tabulated the rating.
- Disclose compensation connected with obtaining or using the rating when applicable.
Use evidence, then human judgment
Automation can inventory visible text, labels, links, and bounded presentation context. It cannot decide materiality, truth, intended audience, substantiation, compensation, policies, portfolio scope, survey design, calculation accuracy, or legal applicability.
Read the current rule in the eCFR and use qualified legal or compliance personnel for decisions.