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Office of the Chief Financial Officer

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1350 Pennsylvania Avenue, NW, Suite 203, Washington, DC 20004
Phone: (202) 727-2476
Fax: (202) 727-1643
TTY: 711
Email: ocfo@dc.gov

D.C. cuts red tape for smaller venture capital funds

Date Released: 
Fri, 02/05/2016

Washington Business Journal by Andy Medici

Smaller venture capital funds in the District will no longer have to follow strict licensing rules meant for financial advisers — a change that proponents say will make D.C. more tech friendly.

Since 2012, the D.C. Department of Insurance, Securities and Banking (DISB) has issued temporary licensing waivers for funds with more than $100 million under management. The latest move permanently extends those waivers and applies them to funds with less than $100 million under management.

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