SEC Adopts New Rules Reshaping Private Funds Industry: What Non-U.S. Advisers Need to Know

Exciting news! The SEC has adopted new amendments to the Investment Advisers Act, which will reshape the private funds industry. While these changes may not directly apply to non-U.S. offshore private fund advisers with respect to their non-U.S. clients, we still recommend that non-U.S. advisers and their fund investors familiarize themselves with the Rules and consider whether their existing policies and operational protocols need to be reviewed and updated. #RegulatoryReform #PrivateFunds