kaal:claim:2150377-005

Losing the private adviser exemption imposed a bundle of obligations, disclosure duties and code of ethics requirements on top of inspections and record keeping, and the direct consequence was significantly higher legal fees for hedge funds.

Source quote, verbatim

Without the private adviser exemption, hedge funds were also faced with disclosure requirements62 and code of ethics requirements63 resulting in significantly higher legal fees.

From

Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012), A. Attempts To Register Hedge Funds
https://ssrn.com/abstract=2150377 · source PDF

Cite as

Wulf A. Kaal, Hedge Fund Manager Registration Under the Dodd-Frank Act (2012). SSRN: https://ssrn.com/abstract=2150377

Holds when

advisers subject to the SEC's 2004 registration rule

Classification

mechanismsupport: assertedcompliancelaw-and-legal-systemssecurities-law

Verify

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Attestation record: colloquium/attestations/2b49edb88461c565...json
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