H.R.3818 - Private Fund Investment Advisers Registration Act of 2009

To amend the Investment Advisers Act of 1940 to require advisers of certain unregistered investment companies to register with and provide information to the Securities and Exchange Commission, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Investment Advisers Act of 1940 to require advisers of certain unregistered investment companies to register with and provide information to the Securities and Exchange Commission, and for other purposes. as introduced.
  • Short: Private Fund Investment Advisers Registration Act of 2009 as introduced.

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Introduced
 
House
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Senate
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President
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10/14/09
 
 
 
 
 
 
 

Official Summary

10/15/2009--Introduced.Private Fund Investment Advisers Registration Act of 2009 - Amends the Investment Advisers Act of 1940 to apply registration requirements to a private fund investment adviser. Subjects to SEC recordkeeping requirements any registered investment adviser who advises pr

Official Summary

10/15/2009--Introduced.Private Fund Investment Advisers Registration Act of 2009 - Amends the Investment Advisers Act of 1940 to apply registration requirements to a private fund investment adviser. Subjects to SEC recordkeeping requirements any registered investment adviser who advises private funds. Authorizes the SEC to make such records, especially those relating to systemic risk, available to the Board of Governors of the Federal Reserve System and any other entity that has systemic risk responsibility. Exempts venture capital fund advisers from the registration requirements of this Act. Directs the SEC to require such advisers, however, to maintain records and make annual reports to the SEC. Modifies SEC rulemaking authority. Instructs the SEC and the Commodity Futures Trading Commission (CFTC) to promulgate rules jointly for the mandatory reports filed by certain registered investment advisers.

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