Compliance Bricks and Mortar for January 17

These are some of the compliance-related stories that have caught my attention. Investment Funds – Year-end Compendium of Our 2019 Client UpdatesSidley Austin As the developments affecting the investment management industry continue to unfold, we have once again prepared our semiannual compendium of relevant Sidley Updates for our investment fund and adviser clients and friends. … Read more »

OCIE’s 2020 Examination Priorities

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations announced its 2020 examination priorities. OCIE has been publishing its examination priorities annually in an effort to enhance the transparency of its examination program and to provide insights into its approach to examination. With its current risk-based approach, the exam priorities highlight areas that OCIE … Read more »

Compliance Bricks and Mortar for December 20

Here is my Star Wars: The Rise of Skywalker spoiler-free collection of compliance-related stories that I’m reading while waiting to watch the movie. The Intersection of Star Wars and ComplianceTom Fox and Jay Rosen On Monday, December 16, we begin with Episode IV-A New Hope and management of risk. On Tuesday, December 17, we move to Episode V-The … Read more »

Proposed Changes to Accredited Investor Definition

On Wednesday, the Securities and Exchange Commission proposed changes to the definition of “Accredited Investor” under Regulation D. The reason for the changes is to open the private market to a broader group of individual and institutional investors. For those hoping for a dramatic change in how to determine accredited investor, you’ll be disappointed. The … Read more »

Compliance Bricks and Mortar for December 13

These are some compliance-related stories that recently caught my attention. Do Private Equity Managers Raise Funds on (Sur)real Returns? by Niklas HuetherThe CLS Blue Sky Blog By analyzing valuations at the deal-level, I do not find any evidence of window dressing in private equity. The key factor for performance peaks lies in the deal composition rather … Read more »