Hedge fund seeding brings with it a variety of structures and arrangements, as there is not a one-size-fits-all system for seed deals. Though hedge fund seeding remains an active component of the start-up market and an important part of the
Regulatory & Compliance Update
News, insight and market knowledge on regulatory and compliance issues from Schulte Roth & Zabel
Regulatory & Compliance Update, published by Schulte Roth & Zabel LLP, covers developments in financial regulation and compliance, focusing on securities laws, investment company regulations, and sanctions programs. The blog addresses regulatory changes affecting exchange-traded funds (ETFs), private funds, and banking entities, including updates on the Volcker Rule and SEC rulemakings. It also reports on enforcement trends, cybersecurity and data protection requirements, and international sanctions impacting jurisdictions such as Iran and Venezuela. The blog provides summaries of regulatory agency guidance, rule proposals, and final rules relevant to investment advisers, broker-dealers, and financial institutions.
Latest from Regulatory & Compliance Update - Page 6
Brexit: What Alternative Asset Managers Can Expect
On 23 June 2016, the British public voted to leave the European Union after 43 years of membership. Although the results of the referendum are not binding in law and there remains a possibility of a constitutional challenge, the early…
UK and European Regulatory Trends Update with Schulte’s Financial Regulatory and Fund Lawyers
As the hedge fund regulatory landscape evolves, U.K. regulators’ areas of scrutiny are in many cases similar to those of U.S. regulators, though with some differences of emphasis, detail and modus operandi. The key regulatory risk factors for U.K. hedge…
Complying on Pay-to-Play: Tips for CCOs
As we move deeper into another election season, investment advisers should consider refreshing their efforts to comply effectively with the Securities and Exchange Commission’s rule on their political contributions — known as the pay-to-play rule. Although it’s more than five…
The Bangladesh Bank Hack and Compliance Programmes
Unknown hackers robbed more than $100 million from Bangladesh’s central bank in February 2016, and the losses would have been even worse if other banks hadn’t blocked 31 of the attempted wire transfers because they suspected money laundering.
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The New FINRA Registration Requirement for Algorithmic Traders: Implications for Broker-Dealers and Investment Advisers
On April 7, 2016, the Securities and Exchange Commission approved the Financial Industry Regulatory Authority’s proposed amendments to NASD rule 1032 (Categories of Representative Registration). These amendments will require FINRA members to register associated persons who are primarily responsible for…
CLOs and Risk Retention in the U.S. and EU: Complying with the Rules
Over the past year, there have been regulatory actions that implement or modify the risk retention regulations and requirements applicable to collateralized loan obligations (“CLOs”) in both the U.S. and the EU. In light of these regulatory changes, CLO managers…
SEC Proposes Derivatives and Leverage Rule for 1940 Act Funds
The Securities and Exchange Commission issued a release on Dec. 11, 2015 proposing a new rule that would establish new limitations on the use of derivatives by registered investment companies and business development companies under the Investment Company Act of…
Inside FINRA’s New Guidance on Digital Investment Advice
Since the financial crisis, new, innovative online investment platforms have begun to offer financial advice to hundreds of thousands of customers. Many of these companies offer advanced portfolio designs using low-cost investments such as exchange traded funds (ETFs), automatic rebalancing…
SRZ Insights: Hardwiring for Extra ERISA Capacity
In this SRZ Insights video, SRZ partner David M. Cohen discusses how investment funds can go over the 25-percent ERISA threshold when taking in U.S. private pension money by using a hard wired master-feeder structure. David describes the details of…