Sec. 74002. ADVISERS OF SBICS AND PRIVATE FUNDS

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## SEC. 74002 ADVISERS OF SBICS AND PRIVATE FUNDS Section 203(m) of the Investment Advisers Act of 1940 (15 U.S.C. 80b-3(m)) is amended by adding at the end the following: > > #### “(3) Advisers of sbics > > For purposes of this subsection, the assets under management of a private fund that is an entity described in subparagraph (A), (B), or

(C)of subsection (b)(7) (other than an entity that has elected to be regulated or is regulated as a business development company pursuant to section 54 of the Investment Company Act of 1940) shall be excluded from the limit set forth in paragraph (1).” > .

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U.S. Code

Registration of investment advisers
§ 80b–3

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Sec. 74002

ADVISERS OF SBICS AND PRIVATE FUNDS

U.S.C.§ 80b–3

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