Subject: Policy Alert - Guidance Issued on California Placement Agent Rules
From: "Akin Gump News and Alerts" <[email-masked]>
To: "Biden, Hunter" <[email-masked]>
Date: Mon, 20 Dec 2010 17:33:53 -0500

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        December 20, 2010

GUIDANCE ISSUED ON CALIFORNIA PLACEMENT AGENT RULES

The California Fair Political Practices Commission (FPPC) recently issued guidance on the placement agent lobbyist registration rules that become effective January 1, 2011.  The FPPC’s guidance focuses on compliance with lobbying state-level pension funds.  The limited guidance also specifies that the FPPC is considering regulations to clarify the new law’s application.

The guidance clarifies that registration is required before acting as a placement agent.  For those potential registrants who anticipate acting in the early days of January, the FPPC has stated that it will accept registrations for 2011-2012 in December and that the effective date must show January 1, 2011.  Please remember not to act as a placement agent with state-level pension funds before a registration is submitted.

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Contact Information

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

Melissa L. Laurenza
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Carrie Hoback Hill
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202.416.5153
Washington, D.C.

Julie B. Hodgson
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202.416.5152
Washington, D.C.

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