Regulatory Alerts2016-04-12
Quarterly Placement Records from Investment Advisers Managing Funds
The Securities and Exchange Commission mandates investment advisers managing funds to submit quarterly placement records using a standardized reporting format. The initial submission for the first quarter of 2016 must be received by April 30, 2016, with all subsequent filings consolidated alongside regular quarterly returns. Non-compliance triggers financial penalties under Regulation 35 of the Securities and Exchange Commission Regulations, 2003.
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