[lemma=of] [tag=DT] ([word=Investment] | [□]) □
[lemma=of] [tag=DT] ([word=Investment] | [□=□]) □
[lemma=of] [tag=DT] ([word=Investment] | [!□]) □
As set forth in greater detail in the FRFA , the 1996 Act added section 205 ( e ) to the Advisers Act , which authorizes the Commission to exempt conditionally or unconditionally from the performance fee prohibition contained in section 205 ( a ) ( 1 ) of the Advisers Act advisory contracts with persons that the Commission determines do not need the protections of the prohibition . We also have received requests from the thrift industry that the Commission exempt thrifts from applicability of the Advisers Act. Therefore , the Commission proposed , pursuant to its exemptive authority under new section 205 ( e ) of the Advisers Act , to eliminate all of the contractual and disclosure provisions in rule 205-3 other than the client eligibility tests .