The Securities and Exchange Commission Adopts Amendments to Form ADV and Investment Adviser Act Rules -
The Securities and Exchange Commission (SEC) adopted amendments to Form ADV and Investment Advisers Act of 1940 rules. These amendments are designed to provide additional information regarding advisers, including information about their separately managed account (SMA) business, incorporate a method for private fund adviser entities operating a single advisory business to register using a single Form ADV, and clarify certain Form ADV items and instructions. The SEC also adopted amendments to the Advisers Act books and records rule and technical amendments to several Advisers Act rules to remove transitional provisions that are no longer necessary.
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