Title IV–Regulation of Advisers to Hedge Funds and Others

Sec. 401. Short Title

Sec. 402. Definitions.

Sec. 403. Elimination of private adviser exemption; limited exemption for foreign private advisers; limited intrastate exemption

Sec. 404. Collection of systemic risk data; reports; examinations; disclosures

Sec. 405. Disclosure provision amendment

Sec. 406. Clarification of rulemaking authority

Sec. 407. Exemption of venture capital fund advisers

Sec. 408. Exemption of and record keeping by private equity fund advisers

Sec. 409. Family offices

Sec. 410. State and Federal responsibilities; asset threshold for Federal registration of investment advisers

Sec. 411. Custody of client assets

Sec. 412. Comptroller General Study on Custody Rule Costs

Sec. 413. Adjusting the accredited investor standard

Sec. 414. Rule of construction relating to the Commodities Exchange Act

Sec. 415. GAO Study and Report on Accredited Investors

Sec. 416. GAO study on self-regulatory organization for private funds

Sec. 417. Commission Study and Report on Short Selling

Sec. 418. Qualified Client Standard

Sec. 419. Transition period