Investment Management Regulatory Update
Client Newsletter

Created date


SEC Rules and Regulations

  • SEC Adopts Security-Based Swap Cross-Border Definitional Rule

Industry Update

  • SEC Staff Responds to Questions Regarding Volcker Rule
  • SEC Issues Guidance on Use of Proxy Advisory Firms for Voting Proxies
  • SEC Issues Guidance on Verification of Accredited Investor Status Safe Harbor and Definition of Accredited Investor
  • IM Guidance Update Advises Mutual Funds on Enhanced Disclosure Requirements
  • IM Guidance Update Advises Series Investment Companies on Affiliated Transactions
  • IM Guidance Update Clarifies Asset Coverage Requirements for Business Development Companies with Wholly-Owned SBIC Subsidiaries
  • IM Guidance Update Clarifies Application of the Custody Rule to Special Purpose Vehicles and Escrow Accounts


  • SEC Brings the First Case for Violation of the Pay-to-Play Rule and Integration of Two Exempt Reporting Advisers for Determining Advisers Act Registration Status
  • SEC Charges Hedge Fund Adviser With Conducting Conflicted Transactions and Retaliating Against Whistleblower

Notes from Europe: European Regulatory Developments

  • Reminder: End of Alternative Investment Fund Managers Directive Transition Period
  • UK: Alternative Investment Funds in the form of Limited Partnerships