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SEC Issues New FAQs Related to Form ADV
The SEC recently issued two new FAQs clarifying certain reporting requirements in Form ADV. The first new FAQ explains how assets are defined for purposes of responding to Form ADV’s question as to...
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Form PF Filing Fees
The SEC has approved filing fees for investment advisers registered with the SEC filing Form PF. Fees are charged for Annual Reports and Quarterly Reports to Form PF ($150 for each Annual Report and...
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SEC Extends Compliance Date for Third-Party Solicitor Provisions of Advisers...
On June 8, 2012, the SEC extended the compliance date for the third-party solicitor provisions of Rule 206(4)-5 of the Advisers Act (the “Pay-to -Play Rule”). The Pay-to-Play Rule, among other things,...
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SEC Issues Letter to New Investment Advisers Regarding Presence Exams
On October 9, 2012, the Office of Compliance Inspections and Examinations (OCIE) of the SEC issued a letter directed to senior officers of newly registered investment advisers that manage private...
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SEC Provides Further Relief in the Wake of Hurricane Sandy
On November 14, 2012, the Securities and Exchange Commission announced the issuance of an order providing regulatory relief to publicly traded companies, investment companies, accountants, transfer...
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Chief of SEC’s Asset Management Unit Provides Compliance Tips for Private...
On January 23, 2013, Bruce Karpati, Chief of the Asset Management Unit (“AMU”) of the Enforcement Division of the Securities and Exchange Commission, addressed the Private Equity International...
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SEC Guidance on the Custody Rule
In March, the SEC issued a Risk Alert and an Investor Bulletin related to compliance with its custody rules for investment advisers. The Risk Alert was issued following recent examinations of...
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SEC Issues Additional FAQs Regarding Form PF
The SEC recently issued additional FAQs related to Form PF. SEC-registered investment advisers which advise one or more private funds and have at least $150 million in regulatory assets under...
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Private Fund Advisers Get Custody Rule Relief With Respect To Certificated...
On August 1, 2013, the SEC’s Division of Investment Management issued IM Guidance Update No. 2013-04 (Guidance). The Guidance provides relief to private fund advisers with respect to the requirement...
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Get Ready…Cause Here They Come…
The SEC announced today that its Office of Compliance Inspections and Examinations is launching the Never-Before Examined Initiative, an initiative directed at investment advisers that have never been...
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