Subject: Policy Alert - California Law Requires Registration for Placement Agents
From: "Akin Gump News and Alerts" <[email-masked]>
To: "Biden, Hunter" <[email-masked]>
Date: Tue, 30 Nov 2010 17:48:28 -0500

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 November 30, 2010  

California Law Requires Registration for Placement Agents

Beginning January 1, 2011, California law will require placement agents to register as lobbyists before they engage in activities with state and local pension funds. In addition to the state law, placement agents working with local pension funds must also comply with local lobbying laws. This alert focuses on the impact of the new state law on placement agents working with state pension funds.

Revised Definitions

The new law amends the definitions of “placement agent” and “external manager” in the Public Pension and Retirement Plans chapter of the California Code and adds those definitions to the Political Reform Act of 1974. If an individual meets the definition of a placement agent and cannot avail himself of the exceptions, then he will be required to register and report as a lobbyist under the Political Reform Act. 

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Contact Information

If you have any questions concerning this alert, please contact—

Melissa L. Laurenza
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[email-masked]
mailto:[email-masked]?subject=Alert%20Query

202.887.4251
Washington, D.C.

Carrie Hoback Hill
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mailto:[email-masked]?subject=Alert%20Query

202.416.5153
Washington, D.C.

Julie B. Hodgson
[email-masked]
mailto:[email-masked]?subject=Alert%20Query

202.416.5152
Washington, D.C.

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