SEC proposes higher small-entity thresholds for advisers and investment companies
Regulation · · Ketju Research
This entry records a proposal. It does not change the law unless it is adopted.
What changed
The SEC proposed increasing asset-based thresholds that define small investment advisers and investment companies for Regulatory Flexibility Act analysis, adding periodic inflation adjustments, and amending Form ADV and the continuing hardship exemption rule.
Who it affects
- Smaller registered investment advisers and investment companies
What is still open
- Whether the proposal will be adopted and the final thresholds and Form ADV changes
What it means for an advisor
- Track the proposal but do not treat RFA small-entity status or filing procedures as changed.
Sources
- "Small Business" and "Small Organization" Definitions for Investment Companies and Investment Advisers for Purposes of the Regulatory Flexibility Act · Securities and Exchange Commission ·
Version 1, published . Educational analysis, not legal advice.