From a press release issued by Grant Thornton...
The recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) is changing the landscape for financial services firms and financial institutions. The Act addresses four major issues: transparency, risk management, accountability and structural oversight. The Act will place investment advisers, hedge funds and private equity funds under increased regulation and scrutiny — namely, registration and examination by the SEC.
Advisers and funds should be prepared for the enhanced disclosure and reporting requirements that come with the new regulations. Financial reform: What private fund advisers need to know about the Dodd-Frank Act outlines the new rules that funds and their advisers should understand and actions they can take.
Topics include:
- Adviser registration requirements
- Recordkeeping, reporting and examination
- Capital-raising and changes to Regulation D
- OTC/derivative regulation
- Designation as “systemically important”
For more information, visit www.GrantThornton.com/financialreform.