Attached is a brief summary of the more than 400 pages of rule proposals recently released by the SEC pertaining to regulations implementing Dodd-Frank’s mandated hedge fund and private equity fund registration and reporting regime.
SEC Rule Proposals – Registration and Reporting (pdf 158KB)
The summary of the proposed rules covers which investments advisers will have to register with the SEC, which advisers will be exempt from registration with the SEC, and which advisers will have to register with the states rather than the SEC.
Also included is a reference to the timeline proposed by the SEC for implementation of the final rules, as well as remarks pertaining to an adviser’s own timeline for SEC registration, if necessary.