The SEC adopted new Form PF rules on May 3 that will require advisers to adjust their process in a variety of ways.
Asset management partner Jason Brown told Regulatory Compliance Watch that, “there were some improvements form the proposal to the final rules, but they’ll still require a significant investment from some advisers.”
“The new rules will require private fund advisers to institute procedures so that they can monitor for and report the various triggering events in the timelines established by the SEC.”
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