+ Prohibitions on insider trading
+ Information barriers
+ Code of ethics and personal trading
+ Trading rules in the U.S.
+ Advertising rules
On August 23, 2023, the U.S. Securities and Exchange Commission adopted the Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews final rule.
Explore our October 2023 update on the regulatory and compliance issues impacting our clients using the link below.
Read the PDF of our March 2023 update on the regulatory and compliance issues impacting our clients using the link below.
Read the PDF of our September 2022 update on the regulatory and compliance issues impacting our clients using the link below.
Read the PDF of our March 2022 update on the regulatory and compliance issues impacting our clients using the link below.
Read the PDF of our December 2021 update on the regulatory and compliance issues impacting our clients using the link below.
While recent headlines on corporate disclosure have focused on environmental, social and governance issues, new guidance issued by the U.S. Securities and Exchange Commission (“SEC”) is an important reminder to public companies that the SEC staff is still paying close attention to disclosure regarding the transition from the London Interbank Offered Rate (“LIBOR”).
The SEC is done playing around. This summer it has demonstrated its resolve bringing actions against public companies for alleged poor disclosures, and against SEC registrants for alleged poor cybersecurity controls.
Read our August 2021 update on the regulatory and compliance issues impacting our clients.
On December 22, 2020, the U.S. Securities and Exchange Commission adopted a single, unified rule that replaces (i) rule 206(4)-1 (the “Advertising Rule”) under the Investment Advisers Act of 1940 (the “Advisers Act”), which governs investment adviser advertising, and (ii) existing rule 206(4)-3 (the “Cash Solicitation Rule”) under the Advisers Act, which governs advisory client solicitation arrangements.
Following actions by the Chinese government to put restrictions on China-based companies raising capital offshore, the U.S. Securities and Exchange Commission is requiring China-based companies and associated offshore shell companies seeking a U.S. listing to make certain disclosures.
The updated EU Shareholder Rights Directive applies in the UK from 10 June 2019. Companies, asset managers and institutional investors need to be prepared to comply with the changes it introduces.