• SEC Adopts Final Rules Implementing Amendments to the Advisers Act
  • July 19, 2011
  • Law Firm: Haynes Boone LLP - Dallas Office
  • On June 22, 2011, the Securities and Exchange Commission (the “SEC”) adopted final rules and amendments under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), designed to implement various provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). The new rules and amendments, among other things, extend the deadline for registration for advisers relying on the private adviser exemption, clarify the eligibility of advisers to register (or remain registered) with the SEC, modify the method advisers use to calculate their assets under management, establish reporting requirements applicable to “exempt reporting advisers” and adopt significant amendments to Form ADV.