Investment Management Regulatory Update
Client Newsletter

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SEC Rules and Regulations

  • SEC Releases Additional Rule 506 “Bad Actor” Guidance
  • IM Guidance Update Clarifies Exclusion from Investment Company Act for Charitable Investment Funds

Industry Update

  • SEC’s National Examination Program Releases its Examination Priorities for 2014
  • CFTC Provides Guidance on Cross-Border Application of Swap Regulations and Provides Temporary Relief for Non-U.S. Swap Dealers from Swap Data Reporting Requirements

Notes from Europe: European Regulatory Developments

  • UK: AIFMD Transitional Arrangements Update
  • European Commission Adopts Delegated Regulation on Determining Whether an AIF Manager is Managing an Open-Ended or Closed-Ended AIF