Exempt Reporting Advisers
Advisers that claim an exemption from registration, typically private fund or venture capital advisers (“private fund advisers”) must still report certain information to regulatory authorities (the SEC and/or State) and comply with applicable regulations. Generally, the exemption is available to private fund advisers that have assets under management below $150 million.
Our services for Exempt Reporting Advisers include:
- Report ERA status – Submission of truncated ADV Part 1
- Customized Compliance Manual
- Firm-Specific Business Continuity Plan
- FTC-customized Privacy Notice
- PPM/Offering Documents Review
- Form D filing service
- Blue Sky filing service
- As needed compliance and regulatory consulting
Bates will aid in the drafting and submission of all required documents to report Exempt Reporting Adviser (“ERA”) firm. Bates takes a holistic approach to the registration process by first working with your firm to design, create and implement the ERA’s compliance obligations prior to completing your report process. The SEC (as well as state regulators) will expect that, upon approval, your firm is meeting all the regulatory requirements.