Partner Christine Schleppegrell is quoted by FundFire in an article examining implications of the US Securities and Exchange Commission’s proposed custody rule for real estate managers.
“Bringing on custodians also could give way to a host of additional contracts, as well as to costs for which it’s still unclear who would bear payment responsibility,” said Christine.
“For instance, the rule doesn’t outline who would absorb the cost of maintaining a custodian, a manager or investor.”
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