SEC Considers Extending Compliance Dates for Private Fund Adviser Registration and "Mid-Sized Adviser" Transition to State Regulation

1 min


On April 8, 2011, Robert Plaze, Associate Director of the Division of Investment Management of the Securities and Exchange Commission, issued a letter to the North American Securities Administrators Association regarding the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The SEC is considering extending the date by which:

  • mid-sized advisers impacted by its rulemaking under the Dodd-Frank Act must transition to state regulation; and
  • investment advisers required to register with the SEC as a result of the repeal of the “private adviser exemption” by the Dodd-Frank Act must register and come into compliance with their obligations as an SEC-registered investment adviser.

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