A Closer Look: The Dodd-Frank Wall Street Reform and Consumer Protection Act - Impact on Advisers to Private Equity Funds
The Dodd-Frank Act will for the first time bring private equity fund advisers under the oversight of the SEC. The SEC recently indicated that private fund advisers—including advisers to private equity funds—will have until the first quarter of 2012 to complete their SEC registration and come into compliance with their new obligations under the Advisers Act. Advisers should use this brief additional time to ensure that they have implemented effective controls and compliance programs and are fully ready for registration. In this edition of A Closer Look, PwC describes the impact of Dodd-Frank on private equity advisers and looks into some of the particular issues they will face.