Private Fund Advisers; Mid-Sized Advisers: SEC May Postpone until the First Quarter of 2012 the Dodd-Frank Requirements Applicable to Private Fund Advisers and Mid-Sized Advisers

Sullivan & Cromwell LLP - April 11, 2011

The SEC appears likely to extend until the first quarter of 2012 the date by which private fund advisers must register with the SEC and the date by which mid-sized advisers (those with $25 million to $100 million in AUM) must transition to state regulation.