Katherine Bucaccio

Compliance concerns have arisen following an EU court ruling invalidating the ‘Safe Harbor’ regime, an international agreement designed to facilitate data transfers between the EU and US. 

The pan-EU regulator has given itself a new March deadline to determine which non-EU fund managers should be extended the AIFMD passport.

The offshore law firm has brought on an Allen & Overy veteran to lead its expansion into Asia.

The regulator published a no-action letter confirming that venture capital firms using a popular investment strategy are still considered exempt from the Advisers Act.

The buyout giant will pay $39m for failing to fully disclose its accelerated monitoring fee practices and certain legal fee discounts it had received, representing the largest SEC settlement by a private fund manager to date.

A former Burnet, Duckworth & Palmer lawyer has stepped into the new role at the Canadian middle market firm.

SEC inspectors are reaching out directly to investors, asking about their interpretations of certain LPA items, and whether they feel they are being unfairly charged for fees and expenses, delegates at the forum said Tuesday.

Approximately ten SEC enforcement cases against private fund managers are currently in the works and will become public soon, according to panelists at the 2015 PE/VC Compliance Forum.

New rules would relax current deadlines and allow parties to take depositions, proposals that come as Patriarch Partners’ Lynn Tilton fights the SEC over alleged ‘unconstitutional’ proceedings.

HMRC issued limited guidance following a controversial Supreme Court ruling in favor of HarbourVest’s George Anson, who was seeking double taxation relief on profits remitted from the US to the UK.