How the SEC's custody rule impacts private fund advisers

August 2011
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How the SEC's custody rule impacts private fund advisers

At a glance

August 2011 - The Dodd-Frank Wall Street Reform and Consumer Protection Act and rules recently adopted by the Securities and Exchange Commission require advisers to private funds to register with the SEC as investment advisers and come into compliance with the Investment Advisers Act by March 31, 2012. This FS Regulatory Brief describes the Custody Rule and some considerations for private fund advisers as they prepare to register with the SEC.