venture capital fund

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.