The digitalization of real assets will present a unique opportunity for jurisdictions that can remain competitive on technology and regulation, according to Elliot Refson and Philip Pirecki of Jersey Finance.
Opinions vary, and the real-world impacts of the rules are uncertain – lawyers are up in arms, while GPs are worried and dreaming of money flowing out of firms like a homeowner with a plumbing issue.Â
In the wake of the most sweeping regulations since the financial crisis, Gensler was grilled this week by members of the Senate’s Banking, Housing and Urban Development committee about the new private fund rules.
A footnote in the US Securities and Exchange Commission's new rules suggests continuation funds structured as cross fund trades won't be subject to third-party fairness opinion and valuation letters.
On accelerated monitoring fees and indemnities, regulators discover they’ve had the power all along – bad news for those who would have challenged the relevant initial proposals from the SEC in court.