Legislation proposed by the Obama Administration and several members of Congress would require managers of such private investment vehicles as hedge funds, private equity funds and non-US domiciled funds that have more than a minimal number of US investors to register with the SEC under the Investment Advisers Act of 1940. Some related legislative proposals would require limited purpose registration of the investment vehicles themselves under the Investment Company Act of 1940.
- What should private fund sponsors be doing now to prepare for these registration and compliance requirements?
- What do private funds and managers need to do to develop and implement appropriate compliance procedures?
Whether you wish to gain an in-depth understanding of the processes and procedures that your fund will need to follow in order to ensure compliance with the Investment Advisers Act and other relevant laws, or you only need an overview of what's to come for private funds on the regulatory side, don't miss this opportunity to hear from experienced lawyers who understand the intricacies of this complex legislation
Part II of this webinar is a trio of weekly one-hour presentations geared toward senior executives and those senior financial and compliance officers who will be in charge of implementing these new requirements and be responsible for day-to-day compliance.
The November 12, 2009 webinar will cover: Compliance procedures (costs, implementation and training) and compliance requirements, including the code of ethics, portfolio management, best execution and soft dollars, custody, recordkeeping, privacy safeguarding, the prevention of money laundering, business continuity and valuation of assets.
The last two sessions in the series will cover:
- November 19, 2009: Marketing, advertising and private placement rules
- December 3, 2009: SEC examinations and how to prepare for them
Michael R. Butowsky
Michele L. Gibbons
Olga A. Loy
Learn more about Mayer Brown's Private Investment Fund practice.