We are pleased to announce the next installment of Proskauer’s webinar series, The Bottom Line: The Final SEC Private Fund Adviser Rules are Here. What Does That Really Mean for Private Funds?
In August 2023, the SEC adopted the final Private Fund Adviser Rules, and though certain elements were scaled back from what was initially proposed 18 months prior, the final rules still impose many new obligations and introduce new restrictions and prohibitions that are likely to significantly alter business practices, and impose new administrative burdens and costs, across many registered and exempt private fund advisers.
Please join Stephen Mears, Robert Plaze, Brian Schwartz and Robert Sutton as they break down key elements of the final adopted Private Fund Adviser Rules. The partners will discuss the impact these rules will have on private fund managers as well as secondaries transactions.
Topics will include:
- Compliance Timeline
- Restricted Activities Rule
- Preferential Treatment Rule
- Quarterly Statement Rule
- Audit Rule
- Compliance Rule Amendments
- Adviser-Led Secondaries Rule
- Grandfathering / “Legacy” Status
- Application to “Offshore” Advisers
- Fiduciary Duties
- Litigation Challenge to the Rules
About the Series
The Bottom Line webinar series will address an array of business topics and offer legal analysis for asset managers, providing you bottom line considerations for your business. These interactive discussions will include presentations by the Proskauer team and a live Q&A with questions from attendees.
