Article
SEC Issues No-Action Letter Clarifying Position With Respect To Registration Requirements Of Special Purpose Vehicles And Affiliated Investment Advisers
On January 18, 2012, the Division of Investment Management (Staff) of the Securities and Exchange Commission (SEC) issued a no-action letter reaffirming its position that certain special purpose vehicles (SPVs) created by a registered investment adviser are not required to separately register as an investment adviser (No-Action Letter).
Drinker Biddle & Reath LLP
