[November 17, 2017] |
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Proskauer's Private Investment Funds Group Releases 2017 Annual Review
International law firm Proskauer announced today the release of their
2017 Annual Review. The yearly report provides a summary of some of the
significant changes and developments that occurred in the past year in
the private equity and hedge funds space, as well as certain recommended
practices that investment advisers should consider when preparing for
2018.
Highlights from the study include:
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SEC (News - Alert) examination priorities and initiatives and enforcement
developments related to the private fund industry, as articulated
by SEC officials and corroborated by industry participants, including
a review of actions in the areas of performance marketing, valuation,
conflicts of interest and investment allocation;
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A review of regulators' continued focus on whistleblower programs,
including an overview of the SEC's continued scrutiny of separation
agreements and the CFTC's amendments to its own whistleblower program;
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An analysis of the current state of insider trading law,
including an analysis of the U.S. Supreme Court's decision in Salman
v. United States, the Court's first ruling in the area of insider
trading in nearly 20 years, and the Second Circuit's approach to the
personal-benefit requirement in United States v. Martoma;
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Ongoing proposed tax changes, includingan overview of the
evolving tax landscape and a discussion of the recently released GOP
tax plan.
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Regulatory developments in the area of cybersecurity, including
new areas of focus for SEC enforcement initiatives and sources of
industry guidance issued by the SEC staff;
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Industry developments in the areas of blockchain and bitcoin
technology, including a discussion of state law developments
concerning blockchain implementation and an overview of the SEC's
report on the application of the federal securities laws to initial
coin offerings;
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Regulatory developments in the European Union, including an
update on the Brexit process and a review of both the Alternative
Investment Fund Managers Directive and the impending implementation of
the General Data Protection Regulation in each of the EU Member
States; and
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A comprehensive overview of required regulatory filings across
the many agencies overseeing the private funds industry, including a
quick reference table for monthly filings in 2018.
Proskauer offers a full suite of services for the investment management
industry, with a market-leading global team dedicated solely to advising
asset managers, investment funds and their advisers, financial
institutions and institutional investors across the asset class. The
cross border team of over 130 lawyers is based in the U.S., UK, Asia and
Latin America and includes specialists in tax, ERISA, regulation,
financial services, employment, insurance, fund finance, litigation and
risk management who understand the unique technical and commercial
issues relevant to investment managers.
View
the 2017 Annual Review.
For more information go to www.proskauer.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171117005374/en/
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