On February 9, 2022, the Securities and Exchange Commission (SEC) issued a new proposed rule that would overhaul the cybersecurity regulations for registered investment advisers, registered investment companies, and funds. This post focuses on the provisions that impact private fund advisers.
On February 9, 2022, the Securities and Exchange Commission (SEC) proposed significant changes to, and expansion of, regulations of advisers to private funds. he new proposed rules are the most significant changes to the regulation of private fund advisers since SEC's rules requiring them to register became effective in 2012. This post summarizes the proposal.
Even if a private fund adviser is exempt from registration as an investment adviser, it may be subject to other federal and securities laws. This post summarizes the relevant legal issues.
3(c)(1) and 3(c)(7) refer to two different exemptions from the requirements imposed on “investment companies” under the Investment Company Act of 1940. In this post, we explain what you need to know.
Fund managers must keep a close eye on potential conflicts of interest and employ best practices like consulting advisory committees when conflicts arise. In this post, you'll read about the issues that should be at the top of your mind.