Financial Services Regulatory Practice: How we can help private equity advisors

October 2013
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Financial Services Regulatory Practice: How we can help private equity advisors

At a glance

Financial regulatory reforms require most private equity (PE) fund advisors to register with the US Securities and Exchange Commission (SEC). PE advisors must abide by the Investment Advisers Act of 1940 with disclosure and reporting requirements inspections by the SEC.

Financial regulatory reforms passed in July 2010 will require most private equity (PE) fund advisors to register with the US Securities and Exchange Commission (SEC). After being exempt from registration for more than 70 years, PE advisors will be subject to the full scope of the Investment Advisers Act of 1940, increased disclosure and reporting requirements, and periodic inspections by the SEC. Importantly, because Congress left critical details for rule making to regulatory agencies, this adjustment will be a multiyear process.