About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

IMS Launches SEC Service to Help Advisers & Managers Cope with Dodd-Frank

Subscribe to our newsletter

A new service has been developed by The IMS Group (IMS), the leading regulation and compliance consultancy, to meet the needs of non-US based investment managers affected by the imminent implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

More than three quarters of the hundred delegates at a recent IMS conference expressed the view that they were unprepared and worried about the new regulatory requirements, highlighting the need for simple and clear expert advice on how to prepare for the new legislation.

The IMS SEC consulting and registration service has been designed to provide a clear approach to integrated compliance management for firms striving to meet the demands of multiple regulatory regimes. It creates a set of best practice policies and procedures that reflect the maximum requirements of both the SEC and FSA, ensuring clients are fully covered.

The Dodd-Frank Act will mean that non-US fund managers must submit their application to register with the Securities and Exchange Commission (SEC) by mid February 2012 at the latest if they have more than $25m of assets under management attributable to US clients or if they have 15 or more US clients. If less than $150m of private fund assets are managed from a location in the US, and this will apply to many non-US managers, the firm may be eligible for Exempt Reporting Adviser Status (ERA).

The new IMS service has been developed in conjunction with former SEC officials and will be co-delivered with IMS’ US consulting practice to meet both full registrant and ERA requirements.

Jon Wilson, director of project consulting and head of the new service, said: “Managers of private funds with US investors should start preparing for SEC oversight in some form. This could be adopting all of the typical rule requirements of a registered adviser or complying with US laws which they previously had not been subject to. With offices in London and New York, IMS is well placed to support clients through the new registration processes and to provide regulatory support from both sides of the Atlantic.

“Our approach to FSA and SEC compliance is to accentuate the similarities of the two regulators whilst identifying those absolute requirements firms must have for the SEC. We want fund managers to implement and harmonise their compliance methods to ensure they make the changes with minimum hassle to their day-to-day functions. This service works by integrating FSA and SEC compliance requirements in one over-arching compliance framework.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Managing Non-Financial Misconduct Under SMCR

9 October 2025 11:00am ET | 3:00pm London | 4:00pm CET Duration: 50 Minutes Non-financial misconduct—encompassing behaviours such as bullying, sexual harassment, and discrimination is a key focus of the Senior Managers and Certification Regime (SMCR). The Financial Conduct Authority (FCA) has underscored that such misconduct is not only unethical but also poses significant risks...

BLOG

Value of ESG Ratings, Scores Still Debated Amid Differing Reports

Consensus remains elusive over the value of aggregated ESG metrics such as ratings and other scores despite a flurry of recent studies on the contentious issue. Three issuers of ratings and indexes conducted their own research into the performance of funds and assets relative to their ratings and while two found at least some correlation...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...