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SEC Proposed Private Fund Rules: Rule Specific Concerns and Next Steps (Part Two of Two), Hedge Fund Law Report

Thursday, April 14, 2022

In the second of a two-part article series looking at the US Securities and Exchange Commission’s (SEC’s) proposed private fund reforms, Morgan Lewis partner Christine Lombardo laid out specific industry concerns for each of the proposed rules and discussed next steps for the SEC and private fund managers.

The SEC has proposed a year-long compliance period after the effective date of final regulations. Commenting on if this would be sufficient time for fund managers, Christine said, “If there were no grandfathering, fund managers would need much more than a year. If there is grandfathering, maybe a year is appropriate, depending on what the final rules look like.”

Read the full Hedge Fund Law Report article >>