The Impact of the Dodd-Frank Act on Registered Investment Companies
By: Diane E. Ambler, Edward G. Eisert, Alan P. Goldberg, Mary C. Moynihan, Stevens T. Kelly
The core provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) for the most part focus on areas of the financial services industry other than the registered fund sector. However, the Dodd-Frank Act’s sweeping expansion of federal regulation in the financial sector will affect investment companies and the investment management industry as a whole, generally in indirect and often subtle ways. Moreover, many of the more controversial issues under consideration during the legislative process were left to be resolved by regulatory studies and rulemakings, and in some cases further remedial legislation, deferring their resolution to a future date.
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This client alert is part of a series of alerts focused on monitoring financial regulatory reform. Below is a list of other alerts in the series:
Municipal Securities Provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act - August 1, 2010
Financial Reform Bill Strengthens Regulation, Expands Potential Liability of Credit Rating Agencies - July 22, 2010
Congressional Overhaul of the Derivatives Market in the United States - July 21, 2010
Dodd-Frank Act Includes Immediate Change to 'Accredited Investor' Definition for Natural Persons - July 21, 2010
A New Era: Depository Institutions and Their Holding Companies Face a Deluge of Regulatory Changes - July 20, 2010
HVCC's Sunset and Other Appraisal Reforms on the Horizon - July 19, 2010
The Resolution of Systemically Important Nonbank Financial Companies… Will It Work? - July 16, 2010
Loan Servicing Déjà Vu - July 14, 2010
Financial Regulatory Reform Increases Federal Involvement in Insurance - July 13, 2010
Preemption for National Banks and Federal Thrifts After Dodd-Frank: Answers to the Ten Most Asked Questions - July 9, 2010
Increased Regulation of U.S. and Non-U.S. Private Fund Advisers Under the Dodd-Frank Act - July 9, 2010
Hope You Like Plain Vanilla! Mortgage Reform and Anti-Predatory Lending Act (Title XIV) - July 8, 2010
Consumer Financial Services Industry, Meet Your New Regulator - July 7, 2010
New Executive Compensation and Governance Requirements in Financial Reform Legislation - July 7, 2010
Financial Regulatory Reform - The Next Chapter: Unprecedented Rulemaking and Congressional Activity - July 7, 2010
Investor Protection Provisions of Dodd-Frank - July 1, 2010
Senate Financial Reform Bill Would Dramatically Step Up Regulation of U.S. and Non-U.S. Private Fund Advisers - June 8, 2010
Approaching the Home Stretch: Senate Passes “Restoring American Financial Stability Act of 2010” - June 8, 2010
