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Nov 1, 2024 | 
globalcompliancenews.com | Matthew Smith |Karl Paulson Egbert |David Hackett |Kameron Hillstrom
Acting with other US regulators, the Commodities Futures Trading Commission (“CFTC“or “Commission”) recently issued two consent orders(“CFTC Orders”) and filed a complaint (“CFTC Complaint”) alleging fraud and false, misleading, or inaccurate reports relating to voluntary carbon credits (“VCCs“)1.
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Oct 10, 2024 | 
globalcompliancenews.com | Karen H.Y. Man |Mark Simpson |Karl Paulson Egbert
The financial services industry continues to see significant transformation driven by rapid technological advancements (notably generative AI and digital assets), increasingly burdensome AML and sanction regimes, new ESG obligations, and ongoing consolidation within the sector. The impact of regulatory change, together with the complexity of implementation, and conflicting regulations across various jurisdictions can expose businesses to heightened regulatory risks.
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Jun 6, 2024 | 
lexology.com | Shusmita Chowdhury |Karl Paulson Egbert |David Lee |Addison Braendel |Daniel Cullen |Peter R. Matejcak | +3 more
In briefOn 5 June 2024, the United States Court of Appeals for the Fifth Circuit vacated the Private Fund Adviser rule ("Rule") in its entirety on the grounds that the SEC, in enacting the Rule, had exceeded its statutory authority. The Rule was adopted by the SEC in August 2023 and would have fundamentally changed the regulatory landscape for private equity funds and their investors.
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Oct 24, 2023 | 
globalcompliancenews.com | Matthew Smith |Karl Paulson Egbert |David Hackett |Kameron Hillstrom
Author Daniel R. De Deo Browsing Daniel De Deo is a partner in the Firm's Transactional Practice Group and serves on the Firm's Steering Committee for Global Climate Change.
Daniel began his career with the Firm as a summer associate in the Chicago office in 2008. He previously worked on secondment with Bank of America Merrill Lynch in London as legal counsel to their carbon trading desk.
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Sep 24, 2023 | 
globalcompliancenews.com | Karl Paulson Egbert |Gavin Meyers |Matthew Smith |Shusmita Chowdhury
In briefIn this update, we take high-level review of major issues faced by private fund managers investing across the globe. In August and September, private fund managers with U.S. investors faced the broadest expansion of SEC regulation since Dodd-Frank, while European managers worked through the details of ESG reporting.
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Sep 24, 2023 | 
globalcompliancenews.com | Karl Paulson Egbert |Gavin Meyers |Matthew Smith |Shusmita Chowdhury
In this update, we take high-level review of major issues faced by private fund managers investing across the globe. In August and September, private fund managers with U.S. investors faced the broadest expansion of SEC regulation since Dodd-Frank, while European managers worked through the details of ESG reporting.
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Sep 20, 2023 | 
lexology.com | Karl Paulson Egbert |Gavin Meyers |Shusmita Chowdhury |Zlatomira Simeonova |Kameron Hillstrom
In briefIn this update, we take high-level review of major issues faced by private fund managers investing across the globe. In August and September, private fund managers with U.S. investors faced the broadest expansion of SEC regulation since Dodd-Frank, while European managers worked through the details of ESG reporting.
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Sep 3, 2023 | 
globalcompliancenews.com | Karl Paulson Egbert |Jesse Addo |Jon Baloch |Kameron Hillstrom
After nearly 18 months of consideration, the SEC has finalized its Private Fund Adviser Rule. The Rule represents the most significant shift in SEC regulation of private funds since the implementation of Dodd-Frank, and its wide-ranging requirements will affect both US and Non-US Fund Managers (including many entities previously exempt from SEC regulation).
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Aug 25, 2023 | 
bakermckenzie.com | Karl Paulson Egbert
After nearly 18 months of consideration, the SEC has finalized its Private Fund Adviser Rule. The Rule represents the most significant shift in SEC regulation of private funds since the implementation of Dodd-Frank, and its wide-ranging requirements will affect both US and Non-US Fund Managers (including many entities previously exempt from SEC regulation).
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Mar 1, 2023 | 
globalcompliancenews.com | Karl Paulson Egbert |Jesse Addo |Jon Baloch |Kameron Hillstrom
In briefTo close out 2022, US states passed a range of rules broadly applicable to all businesses, while global regulators took steps to regulate ESG and crypto-assets comprehensively. While the digital asset industry bore the brunt of enforcement, regulators will give private equity, real estate and hedge fund managers much to think about in 2023. Below is a high-level round-up of regulatory, enforcement and market developments relevant to private fund managers. Click here to access full alert.
