 <h1>Congratulations! 🎉 </h1>
    <p style="color:#637381;">All done! You’ve completed another milestone.</p>

To continue, enter your details to log in.

We’ve sent a 6‑digit code to #MAIL_ADDRESS#\nPlease check your inbox or spam folder and enter the code below to continue.

Verification code sent

Thank you for the payment. You can now access {collectionName} by simply clicking the button below.

Yes, you’ve successfully ordered! 🎉

Unlock This Exclusive Course

It seems that your email address is not currently on the authorized access list. Please ensure you are using the email address that was invited, or contact the content owner for assistance.

Verification Required for Access

What changed

Two thresholds, one release

Why the old number broke

How the $10 billion figure was derived

Check your understanding

The inflation mechanism

Adjustment by order, every ten years

Form ADV and the filing

What moves on the form

The dates

Before your next filing

What the SEC's small-entity amendments change for funds and advisers, which Form ADV items move, and what to check before your next filing. Built from the adopting release, Investment Company Act Release No. IA-7035.

On November 4, 2026 the SEC adopted amendments raising the "small business" and "small organization" thresholds for funds and advisers under the Regulatory Flexibility Act. The fund threshold moves from $50 million to $10 billion.

The 2027 Compliance Calendar: SEC Small-Entity Thresholds

<div class="simple-box-wrapper"> <div class="simple-box"> <div class="column"> <h3>Description</h3> <div class="ck-horizontal-line"><hr></div> <p>I'm a paragraph. Click to start writing that will inform, inspire, or encourage your community. We know you have so many things to share with the world. Happy editing!</p> </div> </div> </div>