Search Results for keywords:"investment advisers"

Found 5 results

Search Results: keywords:"investment advisers"

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  • 2021-03896 — Notice of Intention To Cancel Registrations of Certain Investment Advisers Pursuant to Section 203(H) of the Investment Advisers Act of 1940
    Type:Notice
    Citation:86 FR 11569
    Reading Time:less than a minute

    The Securities and Exchange Commission (SEC) has announced an intention to cancel the registrations of certain investment advisers. This action is taken under Section 203(H) of the Investment Advisers Act of 1940. The notice was filed on February 24, 2021, and it advises that investment advisers need to regularly update their Form ADV electronically. For more information, individuals can reach out to Lawrence Pace, a Senior Counsel at the SEC.

    Simple Explanation

    The SEC says they're planning to cancel some advisers' "licenses" because they haven't sent in important updates they were supposed to. If anyone has questions, they can ask a person named Lawrence Pace at the SEC for more help.

  • 2025-05267 — Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers
    Type:Rule
    Citation:90 FR 15394
    Reading Time:about 30 minutes

    The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have jointly updated Form PF, used for confidential reporting by certain investment advisers. These changes correct previous errors and add omitted amendments, ensuring accuracy and consistency. The updates, effective April 11, 2025, do not introduce new regulations but refine existing requirements. The agencies expedited the amendments without seeking public comments due to their non-substantive nature.

    Simple Explanation

    The CFTC and SEC fixed mistakes in a form that some advisers use to secretly report information, making sure everything is correct without changing any rules. They quickly made these fixes because they were simple and didn't ask people for their thoughts.

  • 2025-01936 — Proposed Collection; Comment Request; Extension: Rule 0-2, Form ADV-NR
    Type:Notice
    Citation:90 FR 8552
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on the extension of a rule related to non-resident investment advisers. This involves Rule 0-2 and Form ADV-NR, which help the SEC handle legal processes with non-resident advisers working in the U.S. The SEC estimates 41 forms will be filed each year, each taking about one hour to complete, with no extra cost burden. Interested parties can submit comments until March 31, 2025.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to hear what people think about a form that non-resident investment advisers fill out to do business in the U.S. They think 41 forms will be filled out each year, with each taking about one hour to complete, and they say it won't cost anything extra.

  • 2025-02138 — Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers; Extension of Compliance Date
    Type:Rule
    Citation:90 FR 9007
    Reading Time:about 17 minutes

    The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have extended the deadline for compliance with the new amendments to Form PF from March 12, 2025, to June 12, 2025. Form PF is a confidential reporting form that certain investment advisers to private funds, who are registered with the SEC and possibly with the CFTC, must fill out. The extension aims to address challenges like the need to file data under two different versions of the form, which raised issues for advisers. The new deadline also provides more time for affected parties to adapt to the changes and to ensure accurate data collection and reporting.

    Simple Explanation

    The CFTC and SEC decided to give extra time for some financial helpers to fill out a special form, moving the deadline from March to June 2025, so they don’t have to rush and can do a better job.

  • 2025-06747 — Proposed Collection; Comment Request; Extension: Rule 12d3-1
    Type:Notice
    Citation:90 FR 16582
    Reading Time:about 4 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on extending a rule that allows investment funds to invest in certain securities-related businesses, even though there's a general prohibition against it. This rule is important because it helps funds make investments without giving too much power to certain advisers. The SEC estimates that 49 funds will need to update their contracts each year to comply with this rule, and it will take about 3 hours for legal work, shared among similar rules. Public comments on this matter can be sent by June 17, 2025.

    Simple Explanation

    The SEC wants to hear what people think about a rule that lets some special groups invest in certain money-making businesses, even though it’s normally not allowed. They think about 49 groups will need to make some updates each year, and it's a bit like when you have to update a special rule book.