Overview

The Securities and Exchange Commission ("Commission") is adopting new rules and amendments to its rules regarding limited partnership roll-up transactions to implement provisions of the Limited Partnership Rollup Reform Act of 1993 ("Act"), which, among other matters, added new Section 14(h) of the Securities Exchange Act of 1934. In addition, the amendments will conform the current Commission definition of "roll-up transaction" more closely to the definition of that term in the Act.