Regulatory Alerts2015-06-12 | 2015-12778Added
Amendments to Form ADV and Investment Advisers Act Rules
The Securities and Exchange Commission proposes amendments to Form ADV to enhance regulatory oversight by collecting detailed data on separately managed accounts and establishing an umbrella registration method for private fund advisers. The Commission also proposes updates to the Advisers Act books and records rule to require advisers to maintain supporting documentation for performance claims and to remove obsolete transition provisions from several existing rules. These changes aim to improve risk-based examinations, increase data comparability, and protect investors from fraudulent performance representations.
Topics
Share