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ARTICLE · 19 SEPTEMBER 2023

Financial Markets And Funds Quick Take | Issue 18

Katten
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Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds.

United StatesFinance and Banking
Wendy Cohen
Wendy Cohen
Daniel J. Davis
Daniel J. Davis
Carl E. Kennedy
Carl E. Kennedy
Christoper T. Shannon
Christoper T. Shannon
Lance A. Zinman
Lance A. Zinman
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Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds.

To read more issues of Katten's Financial Markets and Funds Quick Take, please click here.

SEC Adopts Controversial and Sweeping Changes to Private Fund Rules; Requires Documentation of Annual Compliance Reviews

By Adam Bolter

On August 23, the Securities and Exchange Commission (SEC) voted 3-2 (with Commissioners Peirce and Uyeda dissenting) in favor of adopting new and amended rules under the Investment Advisers Act of 1940 (Advisers Act) that significantly impact the regulation of private fund advisers. As proposed, different aspects of the final rules impact (i) SEC-registered private fund advisers; (ii) all private fund advisers (including exempt reporting advisers); and/or (iii) all SEC-registered investment advisers. Read about new Advisers Act rules for private fund advisers.

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