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Financial Reform Law Changes Registration Requirements


December 20, 2010

Amanda E. White

Unregistered managers of private funds need to be aware of significant changes in the laws regarding investment adviser registration. The Wall Street Reform And Consumer Protection Act, signed into law on July 21, 2010 (the "Act"), eliminated the "private adviser" exemption from registration available under Rule 203(b)(3) of the Investment Advisers Act.

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