NEW YORK (CNN/Money) – The deadline for hedge fund registration in the United States isn’t officially until early next year, but managers may have less time than theythink they do to deliver the paperwork.

That’s because the Securities and Exchange Commission, with whom hedge fund managers will have to register by Feb. 1 of next year, has up to 45 days to process the required paperwork, according tohedge fund attorneys.

Because of that 45-day leeway, managers who want to be on the safe side will need to turn in their completed registration applications to the commission by Dec. 15, a month and a half ahead of theofficial deadline.

There is no indication that the SEC will defer the Feb. 1 deadline or offer a grace period, said Michael Tannenbaum, a founding partner at New York law firm Tannenbaum, Helpern, Syracuse &Hirschritt LLP, at a discussion in New York on hedge fund registration.
Read Complete Article