States to have more responsibility over Investment Adviser Registration


Registration rules for Investment Advisers and Hedge Funds have been finalized by the Securities Exchange Commission through the Dodd-Frank Act.

Investment Advisers will now be obliged to introduce a basic compliance scheme that allows for more public disclosure. Investment Adviser Registration could also mean being examined by regulators. The requirement for Hedge Funds and Investment Advisers to register will take effect in March 2012.

The new rules has meant many Investment Adviser Registrations will be monitored by the states as the assets under management for registration with the SEC is generally over $100million and smaller registrations, over $25million but under $100 million will be left to the states.

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