Books and Records Requirement for Investment Advisers

The proposed Hedge Fund Transparency Act would require private investment funds to maintain books and records that the SEC requires. Presumably, if the Act passes the SEC would promulgate some regulations addressing what it would require.

One place to look would be Rule 204-2 under the Investment Advisers Act. The other place would be Rule 31a-1 under the Investment Company Act.

Author: Doug Cornelius

You can find out more about Doug on the About Doug page

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