The SEC is making amendments to Forms ADV and ADV-W that reflect the enactment of a Wyoming state law regulating investment advisers, who use the forms to register and withdraw from registration with the SEC and state securities regulators. The final rule adopting the amendments was published in the Federal Register.
As covered previously, advisers with a principal place of business in Wyoming will be ineligible to register with the SEC unless they manage assets in excess of $100 million, advise a registered investment company, or otherwise qualify for federal registration.
The amendments will become effective on July 1, 2017.
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