On July 7, 2011, the Federal Trade Commission, with the concurrence of the U.S. Department of Justice, jointly announced significant changes to the Hart Scott Rodino (HSR) Premerger Notification Program. The changes, which are included in amendments to the HSR Premerger Notification Rules, the Premerger Notification and Report Form, and its Instructions (collectively, the Amendments), will likely go into effect by mid- August 2011. They will have a significant effect on private equity firms, hedge fund managers and other investment firms that manage investments in multiple funds or other investment vehicles. Other changes will affect all HSR filers by requiring them to include additional information in their HSR Premerger Notification and Report Forms (the Notification Form). The full text of the FTC’s announcement, the Amendments and the FTC’s explanation of the changes being made can be found here (Please see below.)

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