Private fund adviser registration is here, meaning a whole new world of compliance risk has become a reality. Successful registration means more than just filling out a form and the March 2012 deadline is fast approaching.

Remember, in order to be registered by the deadline, you must file by February. If you haven’t already taken the steps necessary to protect your firm, you’re out of time.

Hedge fund compliance firm NRS has put together some tools to help your firm prepare for registration:

• The NRS Private Fund Registration and Compliance Intelligence Center, a collection of 15 insightful, easy-to-understand articles and how-tos designed to help your firm find its footing when it comes to registration tasks and strategies.

• Back by popular demand, a free Webinar entitled “Private Fund Registration and Compliance: What you need to know now”. Limited to the first 100 respondents, this online seminar is hosted by Mederic Daigneault, NRS’s Director of Hedge Fund Services, and will provide answers to frequently asked questions regarding registration requirements, timelines and the specifics of an ongoing compliance program.

NRS also recommends that you build your compliance program and complete registration documents now even if you don’t file until the 11th hour, avoiding the risk of operating as an unregistered investment adviser.