Proposed indemnification rule induces ire

Insurers and other insiders criticize SEC’s indemnification rule

Compliance: From this month’s magazine, a part of this year’s huge package of private markets reform measures is a rule that would prohibit fund managers from seeking indemnification from LPs for certain claims. Insurers that cover the private equity industry – as well as other insiders – are up in arms.

Email prepared by Graham Bippart