SEC Issues Proposal to Amend Investment Adviser Registration

On June 17, 2015, the Securities and Exchange Commission (SEC) issued a proposed rule that would revise the paperwork requirements for investment advisers who are registering with the SEC and with their state.  Specifically, the SEC is proposing amendments to Form ADV that are designed to provide additional information regarding advisers, including information about their separately managed account business.  The proposal would also incorporate a method for private fund adviser entities operating a single advisory business to register using a single Form ADV.  Additionally, the proposal would make clarifying, technical and other amendments to certain Form ADV items and instructions.

Comments are due on or before August 11, 2015Comments may be submitted through (File No. S7-09-15).

Advocacy contact: Dillon Taylor at 202.401.9787.

Wednesday, June 17, 2015