The Massachusetts Securities Division (the “Division”) has adopted new regulations relating to the regulation of investment advisers. The new regulations will become effective on February 3, 2012, but will not be enforced by the Division until August 3, 2012, six months after the effective date.

The text of the new regulations will not be available until after February 3, 2012, but according to information available on the Massachusetts Securities Division website, the new regulations are “almost identical” to the regulations proposed on November 2, 2011.