Commentary and musings on the complex, fascinating and peculiar world that is securities regulation
Friday, February 24, 2012
Massachusetts Adopts Private Fund Adviser Exemption
A new private fund adviser exemption was adopted by the Massachusetts Securities Division, along with amendments to the "qualified institutional buyer" definition and IA custody requirements. Please note that while the amendments took effect February 3, 2012 they will be not be enforced until August 3, 2012, giving investment advisers six months to comply.