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SEC RIN: 3235-AK71 Publication ID: Fall 2010 
Title: ●Investment Adviser Performance or Incentive Fees 
Abstract: The Division is considering recommending that the Commission publish for comment amendments to Rule 205-3 under the Investment Advisers Act, which provides an exemption from the prohibition of performance fees in Section 205 of the Act for advisory contracts with reference to dollar amounts. The amendments would 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 entered into before July 21, 2010. 
Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: First time 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  12/00/2010    
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: 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