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Senate Bill 139

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Legislative History
Last Action	04/04/24: signed by Governor (Acts Ch.42)
Title	AN ACT relating to investment advisers.
Bill Documents	Current/Final Introduced
Bill Request Number	1784
Sponsors	C. McDaniel, M. Deneen
Summary of Enacted Version	Creates a new section of KRS Chapter 292 to establish a registration exemption for private fund advisers, to establish requirements for the exemption, to direct where filings shall be made, to require that investment advisers comply with registration requirements within 90 days of becoming ineligible for exemption, and to permit the commissioner of the Department of Financial Institutions to waive certain provisions; and amends KRS 292.330 to conform and to make technical amendments.
Summary of Original Version	Create a new section of KRS Chapter 292 to establish a registration exemption for private fund advisers; establish requirements for the exemption; direct where filings shall be made; require investment advisers to comply with registration requirements within 90 days of becoming ineligible for exemption; permit the commissioner of the Department of Financial Institutions to waive certain provisions; amend KRS 292.330 to conform; make technical amendments.
Index Headings of Original Version	Licensing - Investment advisers, registration exemption Securities - Investment advisers, registration exemption State Agencies - Department of Financial Institutions, private fund advisers, regulation Technical Corrections - Securities, registration requirements Public Protection - Private fund advisers, regulation
Votes	Vote History

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01/26/24	introduced in Senate to Committee on Committees (S)
01/29/24	to Banking & Insurance (S)
02/13/24	reported favorably, 1st reading, to Calendar
02/14/24	2nd reading, to Rules posted for passage in the Regular Orders of the Day for Friday, February 16, 2024
02/16/24	3rd reading, passed 29-0
02/20/24	received in House to Committee on Committees (H)
03/05/24	to Banking & Insurance (H)
03/06/24	reported favorably, 1st reading, to Calendar
03/07/24	2nd reading, to Rules
03/22/24	posted for passage in the Regular Orders of the Day for Monday, March 25, 2024
03/27/24	3rd reading, passed 92-0 received in Senate enrolled, signed by President of the Senate enrolled, signed by Speaker of the House delivered to Governor
04/04/24	signed by Governor (Acts Ch.42)

Last updated: 6/13/2024 7:47 AM (EDT)