In this issue, we discuss an ADI issued by the SEC’s Division of Investment Management regarding registered closed-end funds of private funds, as well as a recent enforcement action inv...
In this issue, we discuss FinCEN’s postponement of the effective date for a final anti-money laundering rule that was issued in August 2024 for investment advisers, as well as a recent ...
FinCEN announced that it will postpone the effective date of a final rule that would impose anti-money laundering compliance requirements on investment advisers, indicating the agency wil...
In this issue, we discuss state law restrictions on the use of ESG factors by financial institutions, including with respect to managing investments or investment standards for public funds.
In this issue, we discuss updated compliance dates for registered funds regarding amended Form N-PORT reporting requirements, and co-investment exemptive relief for BDCs and closed-end fu...
The SEC published a notice of intent to grant a simplified and more flexible form of co-investment exemptive relief for BDCs and closed-end funds, although certain critical improvements h...
In this issue, we discuss regulatory developments regarding the Investment Company Act “names rule,” new FAQs regarding the Advisers Act “marketing rule” and a FinCEN interim rule...
The new FAQs clarify when extracted performance and certain portfolio or investment characteristics may be presented on a gross basis in an advertisement, without also being presented on ...
The guidance clarifies the circumstances in which minimum investment amounts can help satisfy the reasonable steps required to verify purchasers’ accredited investor status in Rule 506(...
