The SEC final rule to implement exemptions provided under the Rural Business Investment Companies Advisers Relief Act of 2018 was published in the Federal Register. The effective date for the final rule is March 10, 2020.
Elizabeth Warren (D-MA), Tammy Baldwin (D-WI), Sherrod Brown (D-OH), Mark Pocan (D-WI) and Pramila Jayapal (D-WA) introduced a bill to govern the private funds that engage in change in control transactions.
IOSCO defended its 2018 Liquidity Risk Management recommendations for investment funds against recent criticism, reasserting that the recommendations offer regulators a "comprehensive framework" for liquidity risks in investment funds.
Researchers at the U.S. Treasury Department's Office of Financial Research analyzed information gathered from Form PF and provided insight into the activities of private equity funds and their portfolio companies.
The SEC is requesting comment on the collection of information required by Form PF. The form is used by the FSOC to monitor systemic risk in the private fund industry and by the CFTC for its regulatory programs.