Proposed SEC Rules for Venture Capital Funds and Private Fund Advisers
December 13, 2010 -- On November 19, 2010, the SEC proposed rules defining the term venture capital fund and implementing the new exemption from SEC registration for advisers to private funds introduced by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The new exemptions will become effective on July 21, 2011. For a detailed description, please download the pdf here.