The Securities and Exchange Commission is adopting new rules and rule amendments under the Investment Advisers Act of 1940 to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These rules and rule amendments are designed to give effect to provisions of Title IV of the Dodd-Frank Act that, among other things, increase the statutory threshold for registration by investment advisers with the SEC, require advisers to hedge funds and other private funds to register with the SEC, and require reporting by certain investment advisers that are exempt from registration. In addition, the SEC is adopting rule amendments, including amendments to the pay to play rule, that address a number of other changes made by the Dodd-Frank Act. 76 FR 42950.