Describe how you notify clients and/or beneficiaries when changes are made to your screening criteria.
The types of screens applied are typically directed by the client. Compliance with restricted lists are checked by the compliance module of Charles River, which checks pre-trade and post-trade compliance daily. Restricted lists that LSV maintains are updated periodically throughout the year depending on the type of list. Clients are not typically notified of updates to these lists. Client provided lists are updated at the clients' discretion.