SEC Extends Investment Adviser Registration Deadline Until March 30, 2012
6/27/2011
On June 22, 2011, the Securities and Exchange Commission (the “SEC”) adopted the Dodd-Frank Act Amendments to the Investment Advisers Act, including extending until March 30, 2012 the registration deadline for investment advisers that currently are not required to register with the SEC.
In its latest announcement, the SEC also adopted final rules implementing:
- Amendments to the Investment Advisers Act of 1940;
- Exemptions from registration for advisers to venture capital funds, private fund advisers with less than $150 million in assets under management in the U.S. and certain foreign private advisers;
- The “mid-sized adviser” registration requirements; and
- The exclusion from the definition of investment adviser for family offices.
Upon release of the final rules by the SEC, we will send you a comprehensive summary of the rules adopted on June 22, 2011. For more information about this or other issues, please contact your J.H. Cohn engagement partner at 877-704-3500.