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Abstract: 

Advisers to private investment funds face a complex new, and evolving, array of statutory and regulatory compliance requirements, as a result of the Dodd-Frank and Jumpstart Our Business Startups Acts and recent regulations promulgated by the Securities and Exchange Commission, Financial Industry Regulatory Authority, Commodities Futures Trading Commission, and Department of Labor, as well as new regulations issued by the Cayman Island Monitory Authority. This article summarizes certain aspects of the new legislation and the implementing rules and regulations issued by these agencies that affect investment advisers and private funds.

Keywords: private adviser exemption; Venture Capital Fund Exemption; Private Fund Advisor Exemption; Small Business Investment Company Exemption; Family Office Exemption; Foreign Private Adviser Exemption; CFTC Rule 4.13(a)(3); CFTC Rule 4.13(a)(4); ERISA pla

Affiliations:  1: Foley Hoag LLP; 2: Foley Hoag LLP.