Federal Register

SEC Proposes Rules for Improved Investment Adviser Oversight

On November 19, the SEC proposed new rules for the oversight of investment advisers. The proposed rules would implement provisions of the Dodd-Frank Act that, among other things: (i) facilitate registration of advisers to hedge funds and other private funds with the SEC, (ii) require reporting by certain advisers that are exempt from SEC registration, (iii) increase the asset threshold for advisers to register with the SEC, and (iv) define “venture capital fund” and clarify certain exemptions to investment adviser registration. Comments on the proposed rules must be submitted within 45 days after publication in the Federal Register. SEC Release. SEC Proposed Rule 1. SEC Proposed Rule 2.

SEC Proposes Rules on Security-Based Swap Reporting and Repositories

On November 19, the SEC proposed rules: (i) regarding how security-based swap transactions should be reported and the reports disseminated, and (ii) requiring security-based swap data repositories to register with the SEC. Comments on the proposed rules must be submitted within 45 days after publication in the Federal Register. SEC Release (Reporting). SEC Release (Repositories).

 

SEC Proposes Revisions to Reg AB

On April 7, the SEC unanimously approved the publication of proposals to significantly revise Regulation AB and related rules. The proposals relate to, among other things, the offering process, disclosure, and reporting for asset-backed securities.  Comments are requested within 90 days of publication of the proposals in the Federal Register.  Proposed Rule.  Client Alert.