Written by Jay Gould, Ildiko Duckor and Peter Chess The Commodity Futures Trading Commission (CFTC) released a Final Rule on January 11, 2012, on the Registration of Swaps Dealers (SDs) and Major Swap Participants (MSPs). The Final Rule establishes the process for the registration of SDs and MSPs and now…
Articles Posted in Private Funds
MFA Submits Rulemaking Petition on Rule 502 of Regulation D
Written by Jay Gould and Peter Chess Managed Funds Association (“MFA”) submitted a comment letter (the “Letter”) to the Securities and Exchange Commission (“SEC”) on January 6, 2012 with a rulemaking petition requesting the SEC to amend Rule 502(c) of Regulation D under the Securities Act of 1933. The Letter…
Upcoming Reporting Deadlines: TIC Form SLT and TIC Form SHC
Written by Peter J. Chess Many fund managers are required to submit reports every month and/or every five years to the Federal Reserve Bank of New York (“FRBNY”). The Department of the Treasury’s Treasury International Capital (“TIC”) data reporting system has two such upcoming reporting deadlines. TIC Form SLT The…
FINRA Proposes Rule to Require Additional Notice Filing and Delivery to Hedge Fund Investors
Written by Jay Gould On October 18, 2011, the SEC released a notice of FINRA’s filing of Proposed Rule 5123 (the “Proposed Rule”) which would require FINRA members and associated persons to: 1) provide to investors disclosure documents in connection with private placements prior to sale and 2) file with…
Hedge Fund Marketing Boot Camp: Turn Your Audience Into Your Investors
Date & Time11/10/2011 12:30 pm – 7:00 pm PT 12:30 pm – 5:30 pm PTWorkshop5:30 pm – 6:30 pm PT Panel and Q&A6:30 pm PTCocktails LocationPillsbury’s SF office50 Fremont StreetSan Francisco, CA 94105 Join us for an interactive, instructional workshop to learn step-by-step how to create unique and individualized marketing…
New DDQ Inquiry Spells Potential Liability for Fund Managers
Written by Jay Gould The Pillsbury Investment Funds Team has over the past month reviewed several new Due Diligence Questionnaire (“DDQ”) forms on behalf of fund manager clients from institutional investors and family offices that contain a new inquiry that is potentially problematic for certain fund managers. Generally, this new…
SEC Approves Confidential Private Fund Systemic Risk Reporting
Written by Jay Gould On October 26, 2011, the SEC adopted a new rule requiring SEC-registered advisers to hedge funds and other private funds with at least $150 million in private fund assets under management to report information to the Financial Stability Oversight Council (“FSOC”) to enable it to monitor…
Proposed “Volcker Rule” Regulations Provide Banks a Broad Exemption for Liquidity Management
Written by Michael Ouimette On October 11, 2011, the Federal Financial Regulators published for public comment a jointly proposed regulation implementing the so-called “Volcker Rule” requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Volcker Rule generally contains two prohibitions, both of which are subject to certain…
Investment Fund Law Blog Nominated as Top 25 Business Law Blog – We need your vote!
If you have found the IFLB helpful and informative, please vote for us and provide comments at LexisNexis at http://www.lexisnexis.com/community/corpsec/. We appreciate your support and hope to continue to provide you with the latest developments in our industry! LexisNexis Corporate & Securities Law Center Staff lexisnexis.com Each year, LexisNexis honors…
Registered Fund Solutions Roundtable
A MANAGERS-ONLY EVENT RSVP NOW ! Thursday, October 27, 2011 3:30 – 4:00pm Registration 4:00 – 5:30pm Presentation 5:30 – 6:30pm Reception Pillsbury’s San Francisco office 50 Fremont Street San Francisco, CA 94105 How can hedge fund managers that seek more efficient methods for raising capital avail themselves of…