• Service: Advisory, Risk Consulting, Financial Risk Management
  • Industry: Banking & Capital Markets
  • Type: Publication series
  • Date: 7/15/2011

Regulatory Practice Letter #11-15 

Family Office Exclusion from Investment Adviser Registration – SEC Final Rule
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In an open meeting held on June 22, 2011, the Securities and Exchange Commission (“SEC” or “Commission”) adopted a final rule to define “family offices” which will be excluded from the definition of an investment adviser under the Investment Advisers Act of 1940 (“Advisers Act”) and will therefore not be subject to regulation under the Advisers Act.