The SEC wants to hear from you on Form ADVs, the pay-to-play rule and others. The commission is required to assess whether its rules are still necessary or too complex, per our colleagues over at Regulatory Compliance Watch, and you have until mid-August to make suggestions.
Right now we are digging deep into the burgeoning area of GP-led secondaries deals. It is a process becoming famous for potential conflicts of interest and in light of this we’d recommend this 600-word summary of the SEC’s recent guidance on fiduciary duty from Suzette Hagan at Cipperman Compliance Services.
Elsewhere today we publish an interview with Sandton Capital Partners‘ CFO Dimitri Korvyakov on his experience with outsourcers. Find out which HR firm and administrator his firm uses and that he describes as having “carved out this niche very well”.
Email prepared by Toby Mitchenall.