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Results:1-10 of 12

How will the recently amended investment adviser custody rule affect investment funds?
  • Paul Weiss
  • USA
  • January 8 2010

On December 30, 2009, the U.S. Securities and Exchange Commission (the “SEC”) published a release adopting certain amendments to the custody and recordkeeping rules applicable to registered investment advisers under the U.S. Investment Advisers Act of 1940 ( the “Advisers Act”) and related forms (the “Release”).


House passes bill requiring most private fund investment advisers to register
  • Paul Weiss
  • USA
  • December 16 2009

On December 11, 2009, the U.S. House of Representatives passed “The Wall Street Reform and Consumer Protection Act of 2009” (H.R. 4173).


SEC proposes “pay to play” rule regarding political contributions by certain investment advisers
  • Paul Weiss
  • USA
  • August 11 2009

On August 3, 2009, the U.S. Securities and Exchange Commission (the “SEC”) published proposed Rule 206(4)-5 entitled “Political Contributions by Certain Investment Advisers,” as well as certain amendments to Rules 204-2 and 206(4)-3 under the U.S. Investment Advisers Act of 1940, as amended (the “Advisers Act”).


Obama Administration releases proposed legislation to strengthen the SEC’s authority to protect investors
  • Paul Weiss
  • USA
  • July 14 2009

On July 10, 2009, the Obama Administration released proposed legislation titled the "Investor Protection Act of 2009" (the "Proposed Act"), which aims to strengthen the SEC’s authority to protect investors.


Regulation of private fund advisers imminent
  • Paul Weiss
  • USA
  • June 17 2009

On June 17, 2009, the U.S. Department of the Treasury released President Barack Obama’s plan to overhaul the U.S. financial regulatory system entitled “Financial Regulatory Reform A New Foundation: Rebuilding Financial Supervision and Regulation” (the “Plan”).


TALF: legacy CMBS framework announced
  • Paul Weiss
  • USA
  • May 27 2009

On May 19th, the Federal Reserve Bank of New York (the "New York Fed") announced preliminary revised terms and conditions (the "Legacy CMBS Terms and Conditions") to provide the framework for the expansion of eligible collateral in the Term Asset-Backed Securities Loan Facility ("TALF") to include legacy (i.e., pre-2009 issued) non-agency commercial mortgagebacked pass-through securities (“CMBS”).


TALF: an update
  • Paul Weiss
  • USA
  • May 6 2009

On May 5th, the Federal Reserve Bank of New York (the "New York Fed") announced the results of the Term Asset-Backed Securities Loan Facility ("TALF") subscription period for the month of May.


European Commission publishes draft Directive on Alternative Investment Fund Managers
  • Paul Weiss
  • European Union
  • May 5 2009

On April 30, 2009, the European Commission issued its proposed Directive on Alternative Investment Fund Managers (the "Directive").


Geithner proposes private fund adviser registration and private fund disclosures
  • Paul Weiss
  • USA
  • March 26 2009

Earlier today, in testimony before the House Committee on Financial Services, Treasury Secretary Timothy Geithner announced key elements of the Treasury Department’s proposals for financial regulatory reform.


Defaulting limited partners
  • Paul Weiss
  • USA
  • March 23 2009

Prolonged troubles in the economy have increased the potential for limited partner defaults in private equity funds.