Adviser Name / Business Address Information
ENTRUST CAPITAL INC. | |||
650 MADISON AVENUE
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Name under which business is conducted, if different from above.
DBA Name |
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Contact Person Responsible For Filling Out This Form
First Name | Last Name | |
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Title | (Area Code) Telephone Number | |
E-Mail Address (if applicable) | ||
Business Address (Line 1) | ||
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Business Address (Line 2) | ||
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City | State | Zip Code |
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Country | ||
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Execution
The undersigned represents that he or she is executing this Form on behald of, and with the authority of, the registrant. (The person executing the Form does not necessarily have to be the contact person above.)
The undersigned and registrant represents that the information contained in this Form is current, true and complete
to the best of his or her knowledge.
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Adviser Name |
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By (Signature): |
NOTE: Complete form with signature kept on file. |
Printed Name |
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Title |
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ATTENTION: |
Advisers are reminded that is is a violation of section 207 of the Advisers Act to wilfully make any untrue statement of a material fact in any report filed with the Commission, or willfully to omit to state in any such report any material fact that is required to be stated in the Form. |
1. | If you are required to file Form ADV-Y2K, you must complete Part I. Complete Part I even if you also will be completing Part II because you are an adviser to an investment company. |
2. | Include in your answers to Part I your SEC-registered investment adviser affiliates that are not required to file this report. |
3. | Answer Part I with respect to all of your computer systems, including systems that service only investment company clients. |
4. | If you have computer systems for which you have made different amounts of progress in preparing for the Year 2000 problem, base your responses on a qualitative average of your systems. Give greater weight to mission-critical systems, and systems used for a large number of clients, than to other systems. |
5. | If your advisory firm has multiple lines of business, base your responses only on computer systems that support your advisory business. For example, if you are also a tax return preparation firm, you need not take into consideration computer systems used solely for preparing tax returns (even if you prepare some of the tax returns of your advisory clients), although you must consider a billing system used to bill both advisory and tax preparation clients. |
6. | If more than one answer to a question is applicable, mark all answers that apply. |
7. When marking the answer(s) to each question, shade circles like this: ![]() ![]() |
Part I. Information on Preparations by Investment Advisers for the Year 2000 Problem
1. Year 2000 compliance plan |
(a) |
Do you have a plan for Year 2000 compliance to address whether your computer systems will operate correctly after December 31, 1999? | ||
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Consider as a plan, or as part of a plan, contacts with third parties upon whom you rely for systems you use. | |
If the answer to question 1(a) is Yes, answer questions 1(c) through 1(i) and then go on to question 2. | |||
If the answer to question 1(a) is No, answer question 1(b) below and then go on to question 2. | |||
(b) |
If you do not have a plan, then are you: | ||
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(c) |
Does the plan address external interfaces with third party computer systems that communicate with your systems? | ||
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(d) |
Is your Year 2000 compliance plan in writing? | ||
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(e) |
Who has approved the plan? (mark all that apply) | ||
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(f) |
Has the plan been discussed with your outside auditors? | ||
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(g) |
What is the scope of coverage of the plan? (mark all that apply) | |||
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(h) |
Which of your facilities does the plan cover? (mark all that apply) | ||
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(i) |
Are your activities for non-US clients covered by the plan? | ||
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2. Funding for Year 2000 compliance |
(a) |
Please indicate the month your fiscal year begins: |
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(Example: '01' for January, '02' for February, etc.) |
(b) |
Has specific funding been allocated for fiscal year 1998, fiscal year 1999, or fiscal year 2000, for your Year
2000 compliance plan? If funding has not yet been allocated for fiscal year 1999 or fiscal year 2000, mark 'No'. If you marked 'No' for 1998, 1999, and 2000, then go on to question 3. |
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(i) 1998 | ![]() |
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(ii) 1999 | ![]() |
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(iii) 2000 | ![]() |
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(c) |
What is your specific 1998 fiscal year budget allocation for Year 2000 compliance (including operating and capital expenditures)? | |||
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(d) |
What items are contained in your 1998 fiscal year budget for Year 2000 compliance? (mark all that apply) | ||
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(including testing with broker-dealers, custodians, transfer agents and other service providers) | |
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If you marked 'No' for 1999 and 2000 in question 2(b), then go on to question 3. |
(e) |
What is your specific 1999 fiscal year budget allocation for Year 2000 compliance (including operating and capital expenditures)? | |||
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(f) |
What items are contained in your 1999 fiscal year budget for Year 2000 compliance? (mark all that apply) | ||
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(including testing with broker-dealers, custodians, transfer agents and other service providers) | |
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If you marked 'No' for 2000 in question 2(b), then go on to question 3. |
(g) |
What is your specific 2000 fiscal year budget allocation for Year 2000 compliance including operating and capital expenditures? Estimate if specific information is not yet available. | |||
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(h) |
What items are contained in your 2000 fiscal year budget for Year 2000 compliance? (mark all that apply) Estimate if specific information is not yet available. | ||
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(including testing with broker-dealers, custodians, transfer agents and other service providers) | |
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3. Persons responsible for Year 2000 compliance |
(a) |
Has one or more individuals been designated as responsible for your Year 2000 compliance? | ||
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Include both employees and consultants |
(b) |
If yes, provide the following information on the person primarily responsible: Provide information for one person only. |
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First Name | Last Name | ||
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Title | (Area Code) Telephone Number | ||
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Business Address (Line 1) | |||
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Business Address (Line 2) | |||
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City | State | Zip Code | |
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4. Staffing for Year 2000 |
(a) |
Is this a full-time (or full-time equivalent) project for one or more individuals? | ||
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Include both employees and third parties. |
(b) |
If yes, how many full-time (or full-time equivalent) individuals are working on Year 2000 compliance? | |||
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(c) |
Have you hired third parties to assist you on Year 2000 issues? | ||
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(d) |
If yes, what function(s) are the third parties performing? (mark all that apply) | ||
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(including testing with broker-dealers, custodians, transfer agents and other service providers) | |
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(e) |
If you have not completed staffing your Year 2000 project, are you: | ||
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5. Inventory of systems |
(a) |
Have you inventoried all of your systems? | ||
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(b) |
What is the nature of the computer systems you utilize? (mark all that apply) | |||
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(c) |
Have you identified your mission-critical systems? | ||
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(d) |
If no, this is expected to be completed by: |
(e) |
Have you determined which of your mission-critical systems are not currently Year 2000 compliant? | ||
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6. Awareness of the problem |
(a) |
What steps have you taken to enhance awareness of potential Year 2000 problems? (mark all that apply) | |
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7. Progress on preparing mission-critical systems for the Year 2000 |
What is your progress, if any, on the following stages of preparation for the Year 2000? | ||||||
(a) |
Assessment of steps you expect to take to address Year 2000 problems with your mission-critical systems (including preparing an inventory of computer systems affected by the Year 2000 problem): | |||||
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If not completed, assessment expected to be completed by: |
(b) |
Implementation of steps you expect to take to address Year 2000 problems with your mission-critical systems: | |||||
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If not completed, implementation expected to be completed by: |
(c) |
Testing of your internal mission-critical systems: | |||||
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If not completed, testing expected to be completed by: |
(d) |
Did your testing of internal mission-critical systems result in material exceptions that remain unresolved as of this filing? | ||
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(e) |
Point-to-point testing of your mission-critical systems (including testing with broker-dealers, custodians, transfer agents and other service providers): | |||||
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If not completed, point-to-point testing expected to be completed by: |
(f) |
Did your point-to-point testing of internal mission-critical systems result in material exceptions that remain unresolved as of this filing? | ||
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(g) |
Implementation of tested software to address Year 2000 problems with your mission-critical systems: | |||||
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If not completed, point-to-point testing expected to be completed by: |
8. Progress on preparing all other systems for the Year 2000 |
What is your progress, if any, on the following stages of preparation for the Year 2000? | ||||||
(a) |
Assessment of steps you expect to take to address Year 2000 problems with your non-mission-critical systems (including preparing an inventory of computer systems affected by the Year 2000 problem): | |||||
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If not completed, assessment expected to be completed by: |
(b) |
Implementation of steps you expect to take to address Year 2000 problems with your non-mission-critical systems: | |||||
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If not completed, implementation expected to be completed by: |
(c) |
Testing of your non-mission-critical systems: | |||||
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If not completed, testing expected to be completed by: |
(d) |
Did your testing of internal non-mission-critical systems result in material exceptions that remain unresolved as of this filing? | ||
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(e) |
Point-to-point testing of your non-mission-critical systems (including testing with broker-dealers, custodians, transfer agents and other service providers): | |||||
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If not completed, point-to-point testing expected to be completed by: |
(f) |
Did your point-to-point testing of internal non-mission-critical systems result in material exceptions that remain unresolved as of this filing? | ||
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(g) |
Implementation of tested software to address Year 2000 problems with your non-mission-critical systems: | |||||
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If not completed, point-to-point testing expected to be completed by: |
9. Contingency Plans |
(a) |
Do you have a contingency plan for your systems if, after December 31, 1999, you have computer problems caused by the Year 2000? | ||
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(b) |
If yes, is the contingency plan in writing? | ||
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(c) |
If no, what is your progress in preparing a contingency plan? | |||||
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If not completed, contingency plan expected to be completed by: |
(d) |
What is the scope of coverage of the contingency plan? (mark all that apply) Include only internal systems and external systems that are individually related to the adviser. |
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(e) |
Who has approved the contingency plan? (mark all that apply) | ||
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10. Third parties who provide mission-critical systems |
(a) |
Have you identified all third parties upon whom you rely for your mission-critical systems? | ||
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(b) |
If yes, on how many third parties do you rely for your mission-critical systems: |
(c) |
With what percentage of third parties upon whom you rely for mission-critical systems have you had contact regarding the third parties' readiness for the year 2000? | |||||
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If not all, contact expected to be completed by: |
(d) |
Has any third party on whom you rely for mission-critical systems declined or failed to provide you with assurances that it is undertaking the necessary steps to prepare for the Year 2000? | ||
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(e) |
If yes, what number of third parties providing mission-critical systems have failed to provide such assurances: |
(f) |
Does your contingency plan account for third parties whose systems may fail after December 31, 1999? | ||
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11. Year 2000 preparations by companies whose securities you recommend |
(a) |
In formulating advice given to clients as to the advisability of investing in, or continuing to hold, securities of particular issuers, do you take into account the extent to which the issuer has prepared for the Year 2000 problem? | ||
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(b) |
If yes, where does the adviser obtain information about issuers' preparedness? | ||
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12. | Indicate the amount of your assets managed as reported in your last amended Form ADV (add the two amounts reported in Items 18B and 19B of Part I of Form ADV). |
$ (to the nearest whole dollar) |
13. Questions related to Part II of this form |
(a) |
Are you filing Part II of this form (see instructions for Part II)? | ||
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(b) |
If you are filing more than one version of Part II, because you advise funds in different fund families, how many versions of Part II are you filing? |