Assertion: fund's adviser | /r/Desires | the exemption
Facets:
Source sentences:
text: The staff has received inquiries asking whether a CFTC-registered adviser may rely on the exemption provided by new Section 203(b)(6)(B) if it advises a private fund and: (i) advises a Registered Fund or BDC; or (ii) its business was (and remains) predominantly the provision of securities-related advice before the Dodd-Frank Act was enacted, and thus has not "become" predominately the provision of securities-related advice.