---
title: "Record that no accountability statement is prepared"
url: "https://ailawframework.com/practice/financial-services-regulation/prepare-the-accountability-statement-and-accountability-map-for-an-accou/united-states"
type: "task_jurisdiction_version"
site: "AI Law Framework"
id: "A28-X20260927-6-US"
practice_area: "Financial Services Regulation (AFSL/ASIC/credit)"
tier: "red"
lawyer_review: "required"
jurisdictions: ["US"]
last_reviewed: "2026-10-22"
---

# Record that no accountability statement is prepared

> Record whether the policies name a supervised person to administer them, and the page. Write no accountability statement and no map for anyone to sign.

Canonical page: https://ailawframework.com/practice/financial-services-regulation/prepare-the-accountability-statement-and-accountability-map-for-an-accou/united-states  
Last reviewed: 2026-10-22

Site index for agents: https://ailawframework.com/llms.txt

## Key facts

| Fact | Value |
| --- | --- |
| Practice area | [Financial Services Regulation (AFSL/ASIC/credit)](https://ailawframework.com/practice/financial-services-regulation.md) |
| Human involvement | Red: Lawyer writes; AI may check, clarify or collect data |
| How AI is used | Record whether the policies name a supervised person to administer them, and the page. Write no accountability statement and no map for anyone to sign. |
| What the lawyer must review | 17 C.F.R. section 275.206(4)-7 applies to an investment adviser registered or required to be registered under section 203 of the Investment Advisers Act. It is unlawful, within the meaning of section 206, to provide investment advice unless the adviser adopts and implements written policies and procedures reasonably designed to prevent violations of the Act and rules by the adviser and its supervised persons, reviews the adequacy and effectiveness of those policies no less frequently than annually, and designates a supervised person responsible for administering them. The rule does not require an accountability statement, an accountability map, or a breach-notice deadline. Naming the designated person is not that statement. The lawyer writes any statement. The tool writes nothing that is signed. The Cornell page is not the official edition. |
| Written for | United States |
| Applies to | [Prepare the accountability statement and accountability map for an accountable person](https://ailawframework.com/practice/financial-services-regulation/prepare-the-accountability-statement-and-accountability-map-for-an-accou.md) |

## Checking plan

- What the AI does: Record whether the policies name a supervised person to administer them, and the page. Write no accountability statement and no map for anyone to sign.
- Basis: Checked against the linked sources on 22 October 2026. Confirm the current instrument before reliance.

## Notes

- Do not import an Australian accountability statement or map.
- A designation under paragraph (c) is not a signed statement.

## Sources

- [17 C.F.R. section 275.206(4)-7, Compliance procedures and practices](https://www.law.cornell.edu/cfr/text/17/275.206(4)-7) (checked 2026-10-22)
- [ABA Formal Opinion 512, Generative Artificial Intelligence Tools (29 July 2024)](https://www.americanbar.org/content/dam/aba/administrative/professional_responsibility/ethics-opinions/aba-formal-opinion-512.pdf) (checked 2026-10-22)

*Practice guidance for planning and review. Confirm current primary sources and the requirements of the actual matter. This is general information, not legal advice.*