Final Rules Implementing Registration Exemptions Under the Investment Advisers Act
SEC Release No. IA-3222
June 22, 2011
Pursuant to § 403 of the Dodd-Frank Act, the SEC adopted final rules under the Investment Advisers Act to implement exemptions from registration for certain privately offered investment funds. The new rules, among other things, (1) define "venture capital fund," (2) exempt registration advisers with less than $150 million under management, and (3) exempt from registration certain "foreign private advisers." For further detail on this action, please see the CWT Clients Friends Memo, SEC Adopts Dodd-Frank Act Investment Adviser Rules and Delays Implementation of Some Deadlines (June 27, 2011).
Please contact any of the following Cadwalader attorneys if you have any questions about this item:
Drew Chapman; [email protected]
Dorothy Mehta; [email protected]
Alan Parness; [email protected]
Cross References
SEC Release No. IA-3111 (Proposal)
Advisers Act Rules 203(1)-1, 203(m)-1, 202(a)(30)-1
Advisers Act §§ 202-203
Dodd-Frank § 403