Amendments to Form ADV Part 2

March 2011
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Amendments to Form ADV Part 2

At a glance

March 2011 - On July 21, 2010 the U.S. Securities and Exchange Commission ('SEC') unanimously voted to adopt amendments to Form ADV Part 2 and related rules under the Investment Advisers Act of 1940 (the 'Advisers Act').

On July 21, 2010 the U.S. Securities and Exchange Commission ("SEC") unanimously voted to adopt amendments to Form ADV Part 2 and related rules under the Investment Advisers Act of 1940 (the "Advisers Act"). The purpose of the amendment is to improve the clarity and enhance the quality of information that registered advisers disclose to clients.

The SEC adopted amendments to rules 203-1, 204-1, 204-2, and 204-3 and to Form ADV under the Advisers Act while withdrawing rule 206(4)-4. The new rules require advisers to include certain key information about the advisory firm in a narrative brochure filed with Form ADV as well as to provide clients with information about key advisory personnel in a brochure supplement.