Private Markets Quarterly Update

This update will cover:

• Recent SEC Public Remarks Signal Desire for Comprehensive Reevaluation of Private Markets Regulation
• Best Practices for Building and Implementing a Private Markets ERA or RIA Compliance Program
• Insider Trading Focus: Multiple Recent SEC Charges Present Cautionary Lessons for Private Markets Fund Managers
• SEC’s Novel Shadow Trading Theory – Potentially Significant Ramifications for Private Markets Fund Managers
• SEC’s Recent Sweep Enquiries Into Electronic Communications – Key Takeaways for Private Markets Fund Managers
• Custody Rule Focus: Noteworthy Recent Trends in SEC Examinations & Enforcement Actions.
• Other Noteworthy Recent SEC Enforcement Actions
• SEC’s New Marketing Rule: An Update
• The UK National Security and Investment Act of 2021 – Ramifications for the Global Private Equity Industry
• Real Estate: Compliance Challenges for Open-End Real Estate Vehicles
• Effectively Managing Operational Challenges in Performance Calculation and Reporting – Practical Suggestions
• ESG Update: UNPRI’s Next Reporting Period Delayed Until Early 2023