Alaska: Hedge Fund Regulations

Out Of State Regulations:
Alaska Stat. § 45.55.030(c)(2)(B): A person does not need to register as an investment adviser if "during the preceding 12 months, the person has not had more than five clients who are residents of this state." in this subparagraph, the number of the person's clients shall be determined under 17 C.F.R. 275.203(b)(3)-1 and 17 C.F.R. 275.222-2, as those regulations exist on or after the effective date of this Act."

In State Regulations:
No exemption, based on examiner's reference to definition of investment adviser at Alaska Stat. 45.55.990(16), exemptions at Alaska Stat. § 45.55.030(c).

Comments on this regulation:
Exemption based on an exemption to the registration requirements. Still may be subject to other rules applying to investment advisers. See Alaska Stat. § 45.55.030(c) for registration requirements and exemptions. Per Alaska statute, "the number of the person's clients shall be determined under 17 C.F.R. 275.203(b)(3)-1 and 17 C.F.R. 275.222-2, as those regulations exist on or after the effective date of this Act."

State Regulations Website:
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