K&L Gates : Newsstand : The New Hedge Fund Regulatory Era Begins

The New Hedge Fund Regulatory Era Begins
K&L Gates Webinar Recording

by Michael S. Caccese, Nicholas S. Hodge, Rebecca O'Brien Radford, George Zornada . July 27, 2010

If you were unable to join us for the original presentation on July 27, 2010, you may access the webinar recording and presentation materials below:

Webinar recording (event passcode: klgates)
Presentation materials

YOU WILL NEED EITHER WINDOWS MEDIA PLAYER OR REALPLAYER TO ACCESS THIS PROGRAM.

Program Overview
In mid-July, President Obama is expected to sign into law the "Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010." The new law will require all hedge fund managers (with certain exceptions for small and mid-sized managers) to register with the Securities and Exchange Commission and will subject them to regulatory oversight both under the Investment Advisers Act and under a new systemic risk regime administered by the SEC and a new Financial Stability Oversight Council. Under an amended version of the Volcker Rule, federally insured depository institutions and financial holding companies will face strict limitations on sponsoring and investing in hedge funds. In addition, the legislation has increased the enforcement powers and budget of the SEC, which is now focused as never before on hedge funds.

Topics Included:

An analysis of the legislation and its likely impact on the hedge fund industry.
How the legislation will affect the enforcement and compliance environment
SEC's current examination and enforcement focus points
The scope of the exemptions for smaller managers, family offices, and "foreign private advisers"
How to handle the new systemic risk regulation and compliance with the Volcker Rule
The interaction between the U.S. regime and the E.U.'s Alternative Investment Funds Directive
How the legislation will affect the environment for raising money

This publication/newsletter is for informational purposes and does not contain or convey legal advice. The information herein should not be used or relied upon in regard to any particular facts or circumstances without first consulting a lawyer.