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SEC RIN: 3235-AK71 Publication ID: Spring 2011 
Title: Investment Adviser Performance or Incentive Fees 
Abstract: The Commission published for comment amendments to Rule 205-3 under the Investment Advisers Act, which provides an exemption from the prohibition of charging clients performance fees in section 205 of the Act. The amendments would, in combination with the Dodd-Frank Act, adjust the dollar amount tests used in the rule for the effects of inflation. The amendments also would revise the rule to grandfather certain advisory contracts. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 17 CFR 275-3 (Revision)     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 15 USC 80b-5(e)    PL 111-203, sec 418   
Legal Deadline:
Action Source Description Date
Final  Statutory  Statute requires adjusting dollar amount tests in Rule 205-3 for the effects of inflation.  07/21/2011 
Timetable:
Action Date FR Cite
NPRM  05/13/2011  76 FR 27959   
NPRM Comment Period End  07/11/2011    
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Adam B. Glazer
Division of Investment Management
Securities and Exchange Commission
100 F Street NE.,
Washington, DC 20549
Phone:202 551-6732
Email: glazera@sec.gov