Among other fine articles in FTfm this Monday, you will have noticed Countdown to Registration, which deals with the obligation for most investment managers in this country to obtain SEC registration by mid-July. Understandably, there is a great deal of fury at the high-handed antics of US legislators, seeking to impose US regulation outside that country. But getting wound-up is not going to change the requirements. AIMA, who have been heavily involved in attempts to mitigate the impact of this obligation are reported to be resigned to it. The fact is that if you should be registered and are not, you are not going to be able to do any business in the US, because the SEC will be on your tail. If, on the other hand, you don’t need to be registered, you would be well advised to be able to prove it. To assist firms to deal with this issue, one way or the other, OWL has formed an alliance with a firm of US lawyers in London who will advise on your need or otherwise for SEC registration and assist with that process; should it then be necessary, OWL can  assist you to comply with the relevant SEC regulations.

Whatever your plans, bear firmly in mind the very limited time available. This is not something to be tackled at the last minute.