Jurisdiction
by Leela|14 August 2023|Our Thinking
As a reminder, the Securities and Exchange Commission introduced regulations overseeing the advertising practices of investment advisors, mandating compliance by November 2022. Firms must ensure… Please click here to follow us on LinkedIn to receive the latest information on this and other important topics!
Read moreby Leela|27 June 2023|Our Thinking
In May 2023, the Securities and Exchange Commission (“SEC“) approved amendments to Form Private Fund (“Form PF“). This form mandates private fund advisers and large hedge fund advisers to disclose information about their regulatory assets under management to the Financial Stability Oversight Council (“FSOC“). The purpose of this requirement is to monitor risks to the […]
Read moreby Leela|22 June 2023|Our Thinking
In May 2023, The Financial Reporting Council released the UK Corporate Governance Code consultation document (the “Consultation“). The Consultation presents proposed changes to the UK Corporate Governance Code (the “Code“). The launch of the Consultation was prompted by the government’s request to improve certain aspects of the Code, which was initiated after last year’s consultation […]
Read moreby Leela|20 June 2023|Our Thinking
On 5 June 2023, the U.S. Securities and Exchange Commission (“SEC”) issued a press release announcing that it has filed 13 charges against Binance Holdings Ltd. (“Binance”) and its founder Changpeng Zhao, claiming that they engaged in activities that amount to an “extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion […]
Read moreby Leela|17 May 2023|Our Thinking
In June 2021, the European Union (EU) introduced a new set of Standard Contractual Clauses (“SCCs“) for the purpose of transferring EU personal data. The United Kingdom (UK) implemented its own International Data Transfer Agreement (“IDTA“) for the transfer of UK personal data, and established an Addendum to facilitate the transfer of both UK and […]
Read moreby Leela|3 May 2023|Our Thinking
On 12 April 2023, the European Supervisory Authorities (“ESAs“) – comprising the European Securities and Markets Authority (“ESMA”), the European Insurance and Occupational Pensions Authority (“EIOPA”), and the European Banking Authority (“EBA”) – published a joint consultation paper. The paper proposes amendments to… Please click here to follow us on LinkedIn to receive the latest […]
Read moreby Victoria Smith|19 April 2023|Our Thinking
background On 9 February 2022, the Securities and Exchange Commission (“SEC”) released its proposed Private Fund Advisers rule, with the primary goal of promoting transparency for private fund investors by requiring registered investment advisers to disclose the full cost of investing in private funds, as well as the performance of such funds. Following the commentary […]
Read moreby Victoria Smith|13 April 2023|Our Thinking
Many regulators across the globe are of the view that crypto technologies have the potential to offer the financial services sector enormous benefits. However, as with any emerging technology, there are risks as well as opportunities… Please click here to follow us on LinkedIn to receive the latest information on this and other important topics.
Read moreby Victoria Smith|14 March 2023|Our Thinking
background With a focus on environmental, social and governance (‘‘ESG’’) concerns and the further protection of investors in the modern fund industry, the US Securities and Exchange Commission (the “SEC”) considered a proposal to update the Names Rule of funds, adopted in 2001, and the labelling for investment products under Investment Company Act of 1940 […]
Read moreby Victoria Smith|8 March 2023|Events
Happy International Women’s Day! Today, we celebrate the incredible achievements and contributions of women all around the world who have shaped our society and inspired us with their resilience, compassion and strength. At Cleveland & Co, we continue to promote a workplace that is diverse and inclusive and where women and girls are empowered to […]
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