Hedge funds must race the clock to check their dealer-rule status
Working out whether a firm is caught by SEC registration requirement could take months
As winter in the US recedes, some hedge funds know how they’ll spend the warmer months: trying to work out how to respond to the Securities and Exchange Commission’s (SEC) recent dealer registration rule. For funds to determine whether they count as dealers under the new rules may prove as difficult as pinning down the point at which spring becomes summer.
Firms must register by April 29 next year
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