In Private Funds Management, Private Investment Funds Partner Discusses Recently Adopted Form ADV Amendments

The Securities and Exchange Commission recently adopted amendments to the Investment Advisers Act rules and Form ADV. Under the adjusted rules, investment advisors, including private equity managers, will be required to disclose more information on Form ADV, including the details of any separately managed accounts, the location of branch offices and the addresses of any social media accounts. The SEC outlined that the amendments are designed to improve the depth and quality of information they collect on investment advisors. Though additional disclosures will be necessary, “The good news is that most advisors, who have fiscal years that end on December 31, will not have to comply with the SEC’s amended rules until March 2018,” Jason Brown (Boston), private investment funds partner outlines in an article published on Aug. 30 by Private Funds Management.