On July 22, the CFPB, the Federal Reserve Board, and the OCC issued a joint proposal “detailing the method that will be used to make annual inflation
Effective as of August 15, 2016, the net worth threshold for qualified clients under Investment Advisers Act Rule 205-3 will increase from $2 million
On June 14, the Securities and Exchange Commission ("SEC") issued an order increasing the net worth threshold for qualified clients from $2 million
Amendments to the performance fee rule going into effect this spring will change the way such fees are calculated.
The Securities and Exchange Commission has adopted amendments to Rule 205-3 under the Investment Advisers Act of 1940, as amended (the Advisers Act), to revise the definition of "qualified client."
On July 12, 2011, the Securities Exchange Commission (the "SEC") ordered changes to the dollar amount thresholds in the "Qualified Client" definition under rule 205-3 of the Investment Advisers Act of 1940.
The Securities and Exchange Commission (SEC) has issued an order approving adjustments to the “qualified client” threshold that will have the effect of imposing tighter restrictions on the ability of investment advisers to charge performance-based fees to their advisory clients.
On July 12, 2011, the SEC issued an order increasing the dollar-amount thresholds used to determine whether an advisory client, or an investor in a private fund, is a “qualified client” that may be charged a performance fee by its investment adviser under Rule 205-3 under the Advisers Act.
On July 12th, the SEC, in accordance with the Dodd-Frank Act, issued an order that raises, to adjust for inflation, two of the thresholds that determine whether an investment adviser can charge its clients performance fees.
On July 12, the Securities and Exchange Commission issued an order raising the thresholds for determining who is a "qualified client" for purposes of Rule 205-3 under the Investment Advisers Act of 1940.