Contact Information
Erik A. Bergman
ebergman@fdh.com
T: (203) 325-5026
F: (203) 325-5001
Matthew S. Eisenberg
meisenberg@fdh.com
T: (203) 325-5084
F: (203) 325-5001
Harold B. Finn III
hfinn@fdh.com
T: (203) 325-5029
F: (203) 325-5001
SEC Proposes Rules to Implement New Investment Adviser Registration Requirements Mandated by Dodd-Frank Act
On November 19, 2010, the SEC issued rule proposals that would implement provisions of the Dodd-Frank Act. Among other things, the proposed rules would:
- Facilitate registration of advisers to hedge funds, private equity funds and other private funds with the SEC.
- Implement the Dodd-Frank Act's mandate to require reporting by certain advisers that are exempt from SEC registration.
- Increase the asset threshold for advisers to register with the SEC.
- Define "venture capital fund" and provide clarity regarding certain exemptions to investment adviser registration.
- Require disclosure of greater information by investment advisers and the private funds they manage.
SEC Release no. IA-3110 can be found on the SEC’s web site at: http://www.sec.gov/rules/proposed/2010/ia-3110.pdf
SEC Release no. IA-3111 can be found on the SEC’s web site at: http://www.sec.gov/rules/proposed/2010/ia-3111.pdf
The SEC is seeking comments during the 45-day period immediately following the publication of the releases in the Federal Register.
