Idaho Department of Finance Issues Order Exempting Private Fund Advisers from Investment Adviser Registration
By EsqSocial Corporation 05/11/20
On October 19, 2020, the Idaho Department of Finance (the “Department”) issued an order (the “Order”) providing an exemption from Idaho’s investment adviser registration requirements for advisers who provide investment advice solely to qualifying private funds, as defined in Rule 203(m)-1 under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). The Order is in large part an adoption of the North American Securities Administrators Association (NASAA) model rule...
By: Stoel Rives LLP