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.

Hedge Fund State Regulations: South Carolina

Hedge Fund State Regulations: South Carolina


Out Of State Regulations:
S.C. Code Ann. § 35-1-403(b)(2): Investment adviser does not include "a person without a place of business in this State if the person has had, during the preceding twelve months, not more than five clients that are resident in this State…."

In State Regulations:
Generally no exemptions, according to examiner.

Comments on this regulation:
Exemption based on definition of investment adviser and definition of client, where one fund=one client. See S.C. Code Ann. § 35-1-403 for registration requirements and exemptions.

State Regulations Website:
Click to view

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)