The big news this week was the SEC's announcement of a new examination program focused on never-before-registered Investment Advisers, which is sure to result in more private equity fund managers receiving their first SEC exam in the months ahead.
This update includes:
- Details on the SEC's new examination program;
- Treasury's release of the last substantial package of regulations to implement FATCA; and
- Updated Q&A on Form PF, relevant to private equity fund managers.
Things get busier this week as:
- House Ways & Means Committee Chair Dave Camp is expected to release his tax reform proposal, which may include carried interest and/or deductibility of interest on debt;
- HFSC holds hearings on both Reg NMS and asset-backed securities; and
- Janet Yellen visits the Senate Banking Committee.
Venable tracks a wide range of regulatory issues, so please contact me for more information regarding anything contained in this update.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
