Kansas Monitoring SEC Developments Following Dodd-Frank

The Office of the Securities Commissioner of Kansas, Aaron Jack, is monitoring federal developments following adoption of the SEC rules for private advisers, effective July 21, 2011, in accordance with the timetable set forth by the Dodd Frank Wall Street Reform and Consumer Protection Act. The Commissioner gives advisers to private funds until March 30, 2012 to register in Kansas if necessary and before that date will consider adopting a proposed model rule exemption for private fund advisers.