Investment Funds, Regulatory Reform, Regulatory Oversight

Reflections on Initial SEC Policy Changes Early in the Atkins Era

Secretariat on 7/10/2025

Since Paul Atkins became Chairman of the U.S. Securities and Exchange Commission (SEC) on April 21, 2025, the SEC has announced significant pivots in its approaches to enforcement, regulatory guidance, investment adviser...more

ASIC public and private markets update

Herbert Smith Freehills Kramer on 6/30/2025

Following the substantial feedback provided in response to ASIC’s discussion paper, ‘Australia’s evolving capital markets: A discussion paper on the dynamics between public and private markets’ (Discussion Paper) on 10 June...more

FCA supports move towards faster settlement cycle for fund trades

A&O Shearman on 6/9/2025

The UK Financial Conduct Authority (FCA) has published a press release welcoming a joint statement from asset management trade associations supporting the transition to faster settlement of trades in funds. Effective from 11...more

SEC Chairman Paul Atkins to Urge SEC to Rethink Private Fund 15% Threshold

Proskauer Rose LLP on 5/27/2025

On May 19, 2025, the Securities and Exchange Commission’s (the “SEC”) Chairman Paul Atkins delivered prepared remarks before the SEC Speaks Conference hosted by the Practicing Law Institute (PLI). In his remarks, Atkins...more

ReConnect Recap: Key Takeaways from the 2025 Conference

Conyers on 4/29/2025

If last year’s first ReConnect conference embodied a successful proof of concept, the second iteration has not only maintained momentum, but leveraged last year’s foundation to propel towards greater success. The total number...more

SEC Adopts Rule Modifying Fund Valuation Oversight Practices

Herbert Smith Freehills Kramer on 12/8/2020

On Dec. 3, the Securities and Exchange Commission (SEC) adopted a new rule (Rule 2a-5) under the Investment Company Act of 1940 (the 1940 Act) that establishes an updated regulatory framework for fund valuation oversight...more