SEC adopts private fund rules – initial insights
While the Final Rules likely will increase regulatory and compliance burdens and expenses for private fund advisers, they have been softened in certain respects relative to the SEC’s initial proposal.
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SEC’s private fund rules: a tax-related provision addresses adviser clawback amounts
The Final Rule represents a concession from the SEC’s originally proposed clawback rule that would have prohibited any reduction of clawbacks for taxes.
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