Private equity and hedge funds with over $150 million in assets under mangagement were slated to be required to register with the SEC by July 21, 2011.
However, an April 8, 2011 letter from Robert. E. Plaze, an Associate Director of the SEC, stated that it was expected that SEC would consider extending the deadline for registration until the 1st quarter of 2012. Mr. Plaze also stated in his letter that the SEC will isue final rules regarding exemptions from registration for venture capital funds and funds with less than $150 million under management in advance of July 21, 2011.
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Robert Kiggins, Esq. of McCarthy Fingar LLP, is author of the blog, and may be reached at (914) 385-1024 or rkiggins@mccarthyfingar.com.
Nothing is this blog is intended to be or may be relied upon as specific legal advice. Securities and related laws are complex and facts are different from case to case. Competent counsel should be consulted. Views expressed by the author in this article are his own and not those of any other person.
