Seward & Kissel Posts Client Memorandum on the Proposed SEC Rules Implementing Exemptions from Adviser Registration

November 30, 2010

Seward & Kissel LLP drafted a client alert on proposed SEC rules under the Investment Advisers Act of 1940 to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and exemptions from the registration requirements of the Advisers Act for advisers to certain privately offered investment funds.

In addition, the SEC proposed amendments to Part 1A of Form ADV, expanding the disclosure requirements applicable to advisers to private funds and reflecting an ADV filing obligation for advisers relying on the private fund adviser exemption or venture capital adviser exemption.

Click here to access the Client Memorandum.