Cybersecurity continues to be a priority for the Securities and Exchange Commission. The SEC’s Office of Compliance Inspections and Examinations conducted a cybersecurity “sweep” examination in 2014 and released a summary of its results in early 2015. The SEC’s Division
Schulte Roth & Zabel LLP
Schulte Roth & Zabel LLP is a law firm that publishes blogs focusing on regulatory and compliance issues affecting financial services and investment management. Their content covers updates and analyses on securities laws, investment company regulations, sanctions, and financial industry rules such as the Volcker Rule and LIBOR transition. The firm provides insights into developments from regulatory bodies like the SEC, OFAC, and other financial regulators. Their publications aim to inform legal and financial professionals about changes in the regulatory landscape and their implications for investment funds, ETFs, and financial institutions.
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Latest from Schulte Roth & Zabel LLP - Page 10
SEC Whistleblower Case Challenges Restrictive Language in Confidentiality Agreements
On April 1, 2015, the Securities and Exchange Commission (“SEC”) announced its first enforcement action against a company for using language in a confidentiality agreement that could prevent or deter whistleblowing activity. Rule 21F-17 of the Dodd-Frank Wall Street Reform…
FATCA Update: The Online Portal for Registration with the Cayman Islands Government Is Now Open
In a previous SRZ Client Alert dated Feb. 27, 2015, we described the upcoming Cayman Islands registration and reporting deadlines for investment funds under the U.S. Foreign Account Tax Compliance Act (“FATCA”).
The Cayman Islands Department for International Tax Cooperation…
Volcker Rule Update: Agencies Clarify Ability of Non-U.S. Banks to Invest in Third-Party Funds
On Feb. 27, 2015, the Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, and Securities and Exchange Commission (collectively, the “Agencies”) published a new FAQ…
Marketing Alternative Funds in Europe: A Changed Landscape
Recent regulatory reforms have changed the way in which private funds are being offered to European investors. The Alternative Investment Fund Managers Directive (“AIFMD”) became law across the EU during 2013 and 2014, and the new Swiss regime is due…
SEC Cybersecurity Update: OCIE Risk Alert Provides Insights for Private Fund Managers on SEC Cybersecurity Examinations
Earlier this week, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert providing observations derived from its “Cybersecurity Examination Initiative,” which was announced on April 15, 2014. The Risk Alert is based on OCIE’s examinations of…
SRZ Attorneys Answer Hedge Fund FAQs in SRZ Insights Video Series
SRZ attorneys answer frequently asked questions by hedge fund managers in three new SRZ Insights videos. SRZ partners Jennifer Dunn, David J. Efron, Daniel F. Hunter and Omoz Osayimwese share their answers to key questions relating to advertising…
Newman’s Aftermath: District Court Vacates Four Insider Trading Guilty Pleas; Government Seeks Rehearing in Second Circuit
Last week saw two significant developments for insider trading law stemming from the Second Circuit’s important decision in U.S. v. Newman, 773 F.3d 438 (2d Cir. 2014). First, the government was dealt a significant loss when, on Jan. 22, 2015, U.S.…
Navigating the Regulatory Landscape and Avoiding Common Missteps
Private investment funds today face layers of regulation from regulatory bodies in different jurisdictions. Many of these regulators work in coordination with each other and, as a result, private funds may find themselves facing simultaneous inquiries, investigations or enforcement actions…
For the Record: Year End
SRZ partners Marc E. Elovitz and Brian T. Daly recently appeared in Bloomberg Brief Financial Regulation to take a look back at 2014 and describe what the biggest stories in financial regulation were globally.
Click here to read the article.