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Email H.R. 4173, the “Wall Street Reform and Consumer Protection Act of 2009” (the “bill”), passed the House of Representatives on December 11, 2009 and garnered substantial publicity as to its requirements for the registration of fund advisers and the further regulation of derivatives. Little has been written, however, as to how the bill’s systemic regulation provisions could affect private funds. https://www.cadwalader.com/resources/clients-friends-memos/house-regulatory-reform-bill-may-impose-further-burdens-on-large-funds