SBIA encourages private funds and BDCs to provide feedback on recent SEC rulemaking proposals.
WASHINGTON, D.C. (March 2, 2022) – The Securities and Exchange Commission (SEC) has proposed rules that would require private fund advisers to provide investors with detailed quarterly reports regarding fees and expenses, obtain annual audits for each private fund advised, and provide investors with disclosures regarding potential conflicts for fairness opinions written in conjunction with certain secondary transactions. The Small Business Investor Alliance urges members to give feedback and concerns (fact sheet). The SEC also proposed rules that would require investment advisers and funds registered with the SEC to adopt written policies and procedures to address cyber risk and to disclose certain cyber events to the SEC. SBIA encourages private funds and BDCs to provide feedback (fact sheet).
- Eversheds Sutherland: SEC proposes cybersecurity risk management rules for investment advisers, funds and business development companies
- Eversheds Sutherland: SEC proposes significant changes to beneficial ownership reporting
- PEF Services: The SEC Private Fund Advisers Rule Proposal: How We Got Here
- Troutman Pepper: SEC Throws Down the Gauntlet and Proposes Significant New Private Fund Adviser Rules/Amendments to Existing Investment Advisers Act Rules
- Troutman Pepper: SEC Proposes Rule Amendments for Beneficial Ownership Reporting
- Troutman Pepper: SEC’s New Insider “Shadow Trading” Theory Survives Its First Test
- Troutman Pepper: SEC Proposed Form PF Amendments Kick Off SEC Chair Gensler’s Push for Increased Transparency for Private Funds
- Cohn Reznick: SEC’s new proposed rules for private fund advisors: What to know
- Cohn Reznick: SEC proposes cybersecurity rules, incident disclosure for investment funds and advisors
About the Small Business Investor Alliance (SBIA)
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.