New Dodd-Frank Investment Adviser Rules: How Will They Impact Your Firm?
August 11, 2011
1:00 PM – 3:00 PM ET
Description: The SEC finally did it. They have adopted new rules for the implementation of the Dodd-Frank Act's increased threshold for SEC registration. Under the adopted rules, all advisers registered with the SEC on January 1, 2012, must file an amendment to Form ADV no later than March 30, 2012. Advisers will be required to respond to new items in Form ADV to identify "mid-sized advisers" no longer eligible to remain registered with the SEC. Any adviser no longer eligible for SEC registration will have to withdraw its registration no later than June 28, 2012. Effective July 21, 2011, new advisers applying for registration with the SEC with between $25 and $100 million in AUM are prohibited from registering with the SEC and must register with the appropriate state securities authority. This session will provide a detailed analysis of the implementation of the new "mid-sized adviser" category and what it portends for advisers that fall into this category.
The new rules also have created a different methodology for calculating assets under management and a host of amendments to Form ADV that require advisers to provide additional information about private funds advised by the adviser; the adviser's employees, clients and advisory activities; and other business activities and financial industry affiliations of the adviser. New "pay to play" rule amendments will also be addressed. These and other new regulatory reform rules will be fully explained by our compliance experts.
After completing this course you should be able to:
- Define the basic parameters of the new "mid-sized adviser" registration threshold and other new prohibitions on SEC registration and their impact on certain investment advisers.
- Pinpoint key changes in determining assets under management.
- List the changes to Form ADV reporting requirements for both registered and "exempt reporting" investment advisers.
- Apply new amendments to the "pay to play" rule.
For Whom: Chief Compliance Officers, Management, Compliance Staff at all levels, Internal auditors, Legal counsel, Marketing personnel
Suggested Skill Level: Intermediate
Instructional Method: Group-Internet-Based
Pre-requisites for participation: No prerequisites are required.
Continuing Education Credits:
See NRS Continuing Education Guide
Recommended CPE Credit: 2
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