Fried Frank
Fried Frank
Fried Frank
Fried Frank
Fried Frank Fried Frank
New York Fried Frank Washington DC Fried Frank London Fried Frank Paris Fried Frank Frankfurt Fried Frank Fried Frank
Search
Fried Frank
Set Type Size
Fried Frank
Fried Frank
About Us Fried Frank Practices & Industries Fried Frank Attorneys Fried Frank Offices Fried Frank Media Center Fried Frank Events and Publications Fried Frank Careers Fried Frank Alumni Fried Frank Contacts
Fried Frank
Fried Frank Fried Frank Fried Frank
Fried Frank Fried Frank
Fried Frank
Fried Frank
Treasury Announces Proposed Legislation to Require Registration of Private Fund Managers
July 17, 2009


By: Terrance J. O’Malley, Jessica Forbes, Richard I. Ansbacher, Shanna M. Cohn

On Wednesday, July 15, the Department of the Treasury (“Treasury”) announced proposed amendments to the Advisers Act that would require registration of currently-exempt private fund managers, including advisers to hedge funds, private equity funds and venture capital funds.  The bill (the “Bill”), entitled the “Private Fund Investment Advisers Registration Act of 2009,” also would establish significant reporting, recordkeeping and disclosure requirements for all private funds advised by a registered investment adviser.  The Bill effectuates a number of the suggested reforms included in Treasury’s white paper issued last month entitled “A New Foundation: Rebuilding Financial Supervision and Regulation.”
Additional Information
View PDF
 
Fried Frank
Fried Frank
Fried Frank