15 Clients + USD 25 M AUM
Exemption Limits per the Dodd-Frank Act
According to the exemption limits provided under the Dodd-Frank Act, asset managers are not required to register with the SEC. We believe that the following requirements stipulated by the Act are central:
- As an asset manager, you may not operate a registered office in the US.
- You serve fewer than 15 clients considered US persons.
- The total sum of your managed assets with US persons is less than USD 25 million.