On October 24th, the SEC issued an order approving filing fees for exempt reporting advisers filing Form ADV with the SEC and private fund advisers filing Form PF. The fee for exempt reporting advisers applies beginning October 28, 2011. The fees for private fund advisers would apply starting with the effective date of Rule 204(b)-1 under the Investment Advisers Act of 1940. SEC Release No. IA-3305.