Reminder: Annual US Reporting And Compliance Obligations

The US federal securities laws and the rules of self-regulatory organisations, such as the US Financial Industry Regulatory Authority, impose certain reporting and compliance obligations on investment managers and funds that must be complied with each year and in 2011 several new requirements will apply as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank") and related rulemaking. Some of these annual requirements apply only to investment managers that are registered in the United States as investment advisers, but others apply to investment managers and funds that are located outside the United States and are not registered in the United States. This DechertOnPoint provides a brief description of these requirements and serves as a reminder of the need to comply with these reporting and compliance requirements.