SEC Adopts Amendments to Form ADV Part 2

August 31, 2010
The US Securities and Exchange Commission recently adopted long-anticipated amendments to Part 2 of Form ADV, the registration form for investment advisers, and certain related rules under the Investment Advisers Act of 1940, as amended. The amendments will require almost every registered investment adviser to prepare, file with the SEC and distribute to existing and prospective clients a narrative-style brochure and brochure supplements containing information about the business practices, conflicts of interest and background of the investment adviser and its advisory personnel. This update looks at the form, content, filing and delivery requirements of the new Form ADV Part 2 and also examines the compliance dates and choices available during the transition period between the effective and compliance dates.