Abstract
On 22 June 22 2011 the Securities and Exchange Commission (''SEC'') published three new releases under the US Investment Advisers Act of 1940, as amended (the ''Advisers Act'') that implement Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ''Dodd-Frank Act''), which potentially will have a sweeping impact on non-US advisers. This article explains the key provisions of the new releases and the Dodd-Frank Act, as they relate to non-US advisers.
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