SEC: Adviser ‘switch’ delayed to June 28
The SEC made official the delay of the so-called adviser “switch.” Under the Dodd-Frank financial reform law, the…
The SEC made official the delay of the so-called adviser “switch.” Under the Dodd-Frank financial reform law, the transition of advisers with assets under management between $25 million and $100 million was supposed to have begun by July 21. The final rule that the SEC promulgated June 22 gives advisers until March 30 to determine whether they qualify for SEC registration and until June 28 to complete the switch to state registration. Read the rule here.. Here’s a related rule exempting venture capital funds from SEC registration. Read a related story.
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