About the Hedge Fund State Regulation Guide

Regulation of investment companies and hedge funds are not handled by state securities laws, however states may indirectly regulate the funds through regulating the sale of interests in hedge funds.

If a hedge fund chooses not to register with the SEC they may be exempt from state regulatory requirements.

In this guide we hope to outline the hedge fund regulations in each state and provide as much information and as many online resources as possible for each state.

Rhode Island: Hedge Fund Regulations

Labels: , , , , , , ,
Out Of State Regulations:
R.I. Gen. Laws §7-11-204(1)(ii): Investment advisers and investment adviser representatives are exempt from state licensing requirements if "[t]he investment adviser has no place of business in this state and the investment adviser, during the preceding twelve (12) month period, has had not more than five (5) clients…who are residents of this state."

In State Regulations:
No exemption, based on examiner's reference to R.I. Gen. Laws §7-11-101 (11).

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 R.I. Gen. Laws §7-11-101 (11) for definition of investment adviser. See R.I. Gen. Laws §7-11-204 for exemptions.

State Regulations Website:
Click to view

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)