SEC Registration Deadline
SEC to Extend Registration Deadline for Hedge Funds
But in a letter to the President of the North American Securities Administrators Association Inc., SEC Associate Director Robert Plaze said "we expect the Commission will consider extending the date ... until the first quarter of 2012."
While there are initial guidelines on information and operation changes required with the registration, the SEC has yet to issue final rules. Plaze said in the letter the SEC expects to do so "in advance of July 21."
The SEC earlier had said final rules would be submitted in the second quarter, but so far hasn't set out an exact timetable.
The letter also said midsize advisers, with assets between $25 million and $100 million, are likely to get a six-month delay in requirements to register with states. Some of those advisers had previously voluntarily registered with the SEC. Source
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