Our Investment Funds Team analyzes the Securities and Exchange Commission’s Final Rule that, while softened from the Proposed Rules, will significantly impact how private fund advisers can do business.
- The SEC considered comment letters it received while still pushing forward efforts to protect private fund investors and to curtail conflicts of interest
- The bulk of the rule restricts (rather than prohibits) certain activities and requires disclosure
- Most of the new rules take effect in 12 or 18 months
For more information, please contact someone from our Investment Funds Team.