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The IAA suggests the SEC use the number of employees as the appropriate standard for determining the impact of its regulations on small advisers.
The digitalization of real assets will present a unique opportunity for jurisdictions that can remain competitive on technology and regulation, according to Elliot Refson and Philip Pirecki of Jersey Finance.
New partner is an SEC alumnus and co-chaired private funds group at previous firm.
Private equity firms will hire data scientists and engineers as AI transforms investment outcomes, according to the veteran investor.
Opinions vary, and the real-world impacts of the rules are uncertain – lawyers are up in arms, while GPs are worried and dreaming of money flowing out of firms like a homeowner with a plumbing issue.
In the wake of the most sweeping regulations since the financial crisis, Gensler was grilled this week by members of the Senate’s Banking, Housing and Urban Development committee about the new private fund rules.
The SEC cannot mandate standalone compliance departments, but the burdens of new rules may make it inevitable.
A footnote in the US Securities and Exchange Commission's new rules suggests continuation funds structured as cross fund trades won't be subject to third-party fairness opinion and valuation letters.
'The clock is still ticking'
SEC enforcements pick up before end of fiscal year.