Nathan Williams
Indications that private placement will be phased out anytime soon are likely "some way off the mark," according to a leading lawyer.
The regulatory agency is seeking comment on proposals to ease restrictions that prohibit banks from investing in private equity funds.
The agency has called for comments on the proposals – which may allow fund partners to claim a tax cut on some of their income – by October.
A Luxembourg lawyer says funds reliant on treaty relief should be 'alert to risks' once the double-tax agreement between the two countries goes into effect next year.
The template standardizes the request by LPs for portfolio company information, which typically has been customized.
Amid evidence that Luxembourg is taking more private fund business due to Brexit fears, the Jersey Fund Association says UK managers 'shouldn’t panic' when choosing a new domicile.
An LP lobby group says a change in Delaware law and an SEC no-action letter unleashed a 'perfect storm' to the detriment of private fund investors.
The move will simplify tax reporting requirements and could see it list on other stock exchanges in an effort to further boost its investor base.
The recommendation came in a report ordered by President Trump on the future of US financial regulation.
Kristin Snyder replaces another longtime SEC officer, Jane Jarcho, who is retiring at the end of August.