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United Arab Emirates - September 18 2012
Following an extensive consultation period, the UAE Securities and Commodities Authority has issued its regulations for investment funds pursuant to Board Decision No. (37) of 2012 Concerning the Regulations as to Mutual Funds.
USA - June 7 2012
On June 22, 2011, the Securities and Exchange Commission (SEC) adopted rules implementing certain provisions of Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), including proposed amendments to Rule 206(4)-5, or the "pay-to-play" rules of the Investment Advisers Act of 1940 (Advisers Act) in response to changes made by the Dodd-Frank Act.
USA - March 6 2012
On February 15, 2012, the U.S. Securities and Exchange Commission (SEC) amended the “qualified client” standard of Rule 205-3 under the Investment Advisers Act of 1940, as amended (Advisers Act).
USA - February 21 2012
This update is a follow-up to our May 6, 2010 publication, HIRE Act of 2010 - Increases Need for International Tax Compliance, with respect to the new information reporting obligations for foreign financial institutions (FFI), including pooled investment vehicles.
USA - January 11 2012
On December 21, 2011, the U.S. Securities and Exchange Commission (the “SEC”) adopted a final rule under the Securities Act of 1933 (the “Securities Act”) that amends the net worth standard used in the definition of an “accredited investor.”
