Jenner & Block

Investment Advisors Act Relief for SBICs and other Private Equity Funds

On May 3, 2016, the SEC approved amendments revising the rules related to the thresholds for registration, termination of registration, and suspension of reporting under Section 12(g) of the Securities Exchange Act of 1934 (the “Act”).  In a press release, the Securities and Exchange Commission (the “SEC”) Chair Mary Jo White stated: “With the adoption of these amendments, the Commission has completed all of the rulemaking mandated under the JOBS Act.”  The Jumpstart Our Business Startups Act (the “JOBS Act”) was signed into law by President Obama on April 5, 2012.  It required the SEC to write and amend rules regarding disclosure and registration requirements.  Jenner & Block Partners William L. Tolbert and Jolene E. Negre and Associate Marc A. Roualet examine the amendments in this article.