SEC Adopts Rules Implementing Core Provisions of Dodd-Frank That Apply to Investment Advisers


At an open meeting on June 22, the SEC voted to adopt rules substantially as proposed earlier this year that:

• implement provisions of Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), by requiring certain advisers to hedge funds and other private funds to register with the SEC;

• establish new exemptions from investment adviser registration and reporting requirements for certain advisers; and

• reallocate regulatory responsibility for advisers between the SEC and the states.

Please see full advisory below for more information.

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Published In: Administrative Agency Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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