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Forums > Amendments to Custody Rule > Client is a Private Fund
 
 


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ACA webcast attendee
    02/09/10 at 04:32 PMReply with quote#1

If an RIA has custody of privately offered securities and the client is a private fund, no qualified custodian is needed so long as the fund is audited annually and delivers financials timely OR is subject to a surprise exam?
ACA
    02/09/10 at 06:01 PMReply with quote#2

This question was previously answered by the presenters during ACA’s webcast entitled “Amendments to the Custody Rule”. For further information regarding this issue, please feel free to sign on to the archived version of this webcast at http://webcasts.acacompliancegroup.com or call an ACA Consultant at (561) 988-3310.
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