This continues to be a time of rapid change for the private investment funds industry, as the Securities and Exchange Commission (the “SEC”), the Commodity Futures Trading Commission (the “CFTC”), and various other regulatory agencies, including the Department of the Treasury (the “Treasury”), continue to propose and finalize rules and issue guidance relating to private funds and fund managers. There have also been a number of significant developments in the private funds tax area, and the SEC and private plaintiffs have continued to bring enforcement actions and litigation involving private funds and fund managers.
This Report provides an update since our Spring 2016 Report
, and highlights recent regulatory and tax developments, as well as recent civil litigation and enforcement actions as they relate to the private funds industry. Paul Hastings attorneys are available to answer your questions on these and any other developments affecting private funds and their investors and advisers.