Policy Considerations And Potential Business Impact Perhaps the two most relevant provisions of the Investment Modernization Act of 2016 are the changes to restrictions on advertising in sections 2(b)(1)-(2), and the reduction in reporting requirements on the Form PF for many investment advisers in section 3(a).1 The bill passed the House on September 9, 2016.2…
Tag: Investment Advisors
Investment Modernization Act of 2016: Part 1 of 2
PART I: What Is The Investment Modernization Act of 2016? The Investment Modernization Act of 2016 is a bi-partisan bill that would amend the Investment Advisors Act of 1940 and update selected Securities and Exchange Commission (SEC) rules to “modernize certain requirements relating to investment advisers.”1 The bill passed the House on September…