17 Nov 2011
Many non-US managers and advisers remain confused as to whether they require SEC registration and many wrongly believe that the exemptions the SEC has created apply to them, according to the IMS group. This leaves them at risk of not registering believing that the exemptions excuse them from SEC oversight and responsibilities altogether.
IMS urge managers and advisers to check if their firm is within the SEC’s scope.
The deadline for private fund managers and advisers to apply for Securities and Exchange Commission (SEC) registration under Dodd-Frank (The Dodd-Frank Wall Street Reform and Consumer Protection Act) is 14 February 2012. Firms requiring full registration must have submitted their application by this date in order to meet the formal implementation deadline of 30 March 2012.
IMS urge managers and advisers to check if their firm is within the SEC’s scope.
The deadline for private fund managers and advisers to apply for Securities and Exchange Commission (SEC) registration under Dodd-Frank (The Dodd-Frank Wall Street Reform and Consumer Protection Act) is 14 February 2012. Firms requiring full registration must have submitted their application by this date in order to meet the formal implementation deadline of 30 March 2012.
