Financial Services Regulatory Practice: How we can help private equity advisors (PricewaterhouseCoopers)

February 2012

KEYWORDS: Dodd-Frank Act, Private Equity, compliance requirements, Hedge Fund Regulation, Investment Advisers Act of 1940, SEC, Securities and Exchange Commission, counterparty risk, foreign financial institution, valuation, insider trading, reporting requirements, transparency, FSA, China, United Kingdom, SFC, Hong Kong, audit

  • PricewaterhouseCoopers


Financial regulatory reforms passed in July 2010 will require most private equity (PE) fund advisors to register with the US Securities and Exchange Commission (SEC). After being exempt from registration for more than 70 years, PE advisors will be subject to the full scope of the Investment Advisers Act of 1940, increased disclosure and reporting requirements, and periodic inspections by the SEC. Importantly, because Congress left critical details for rule making to regulatory agencies, this adjustment will be a multiyear process.

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