Yesterday, the Federal Reserve Board announced that it was granting a partial one-year extension of the Volcker Rule’s pending July 21, 2015 compliance deadline and said that it would grant an identical extension again next year. The extensions apply to
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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https://srz.com
Latest from Schulte Roth & Zabel LLP - Page 11
Second Circuit Clarifies Insider Trading Liability of Tippees
In its highly anticipated decision in U.S. v. Newman, the U.S. Court of Appeals for the Second Circuit held on Dec. 10 that to sustain insider trading charges against a tippee who trades on material nonpublic information, the government must prove…
Top 10 Things You Should Know About the New Swiss Rules on Distribution of Funds
A new regime governing the distribution of non-Swiss funds to Swiss investors comes fully into force on 1 March 2015, when the current transitional period expires.
The new regime segments Swiss investors into three categories: (1) unregulated qualified investors (pension…
CFTC Provides Additional Delegation Relief for Private Fund Managers
On Oct. 15, 2014, the staff of the Commodity Futures Trading Commission issued a letter granting no-action relief to persons seeking to delegate their commodity pool operator authority to others.
The October letter expands upon the relief granted in an…
UK FATCA Compliance for Investment Funds
The United Kingdom has signed intergovernmental agreements (‘IGAs’) with its Crown Dependencies and Overseas Territories in order to improve compliance with UK tax laws, a regime often referred to as ‘UK FATCA’. The jurisdictions that are part of the UK…
JOBS Act Update: CFTC Relief Removes Impediment to General Solicitation
On Sept. 9, 2014, the U.S. Commodity Futures Trading Commission staff granted broad relief intended to remove an obstacle to the ability of market participants, under rules previously promulgated by the U.S. Securities and Exchange Commission, to utilize general solicitation…
SRZ Video Series Highlights Importance of the Annual Review
SRZ’s video series highlighting the importance of the SEC’s annual review for fund managers features insights from regulatory & compliance partners Marc E. Elovitz and Brian T. Daly and special counsel Brad L. Caswell. The six videos cover key…
CFTC Provides Guidance Regarding Commodity Pool Operator Delegation — Action Required for Many Registered CPOs
On May 12, the Commodity Futures Trading Commission staff issued guidance for so-called “CPO delegation” arrangements, which are situations where an individual or entity that could otherwise be obligated to register with the CFTC as a commodity pool operator (a…
FATCA Registration and Compliance Requirements — Updated Guidance for UK Investment Managers
In a previous post dated 8 April 2014, we described certain registration and compliance requirements for hedge funds and hedge fund managers under the US Foreign Account Tax Compliance Act (“FATCA”).
On 22 April 2014, HM Revenue & Customs (“HMRC”),…
Fund Formation and Incentives Report
Schulte Roth & Zabel has partnered with Private Equity International to release Fund Formation and Incentives Report, a research study of senior private equity managers. The report provides an analysis of the issues affecting general partner operations, such as waterfall structures,…