The spate of judgments against the SEC and other federal agencies could mean more regulation by enforcement over more clarity in rulemaking. And it may entrench the SEC’s recent penchant for litigation.
In wake of Fifth Circuit decision, rules should be scrapped or carve out private fund managers, groups claim.
The global study by Ocorian and Bovill Newgate also found that many compliance teams are under-resourced to deal with the heightened risk.
‘Wrong framework’, ‘Just another opponent’
Protections weakened, LPs shoulder the burden; Exempt managers not ‘out of the woods’
The ‘back door’ for regulators
Why the US Court of Appeals decision was such a 'sledgehammer' to the SEC, and how ILPA sees a 'playbook' in future Fifth Circuit suits. Part one in a series of four.
Debates on increasing tax on carried interest shouldn’t ignore the wider contribution private equity brings to economies.
'If the rule gets vacated, we are still going to push this project forward,' says ILPA’s Neal Prunier.
Court hands big victory to private funds. Rifts in LP community may have aided the downfall of the regulatory package.