Steps to take when moving to Switzerland - Finance Valley Lake ...

Dodd Frank SEC registration
• Registration of non-US managers by 30.03.12
• SEC yet to release final rules
• Preparation of documents, implementation of systems and
controls
• Exemptions from registration
– Foreign private advisors (no registration nor reporting)
• No US business;
• Less than $25m invested by US investors;
• Less than 15 US investors; and
• Does not hold out to the public as US asset manager.
– Exempt reporting advisors (reporting to SEC but not registered)
• Solely private funds and less than $150m in US
• Solely venture capital funds