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Bill Myers

Bill Myers is Regulatory Compliance Watch’s editor. He focuses on private equity and hedge funds, based in our Rockville office. He’s been a newsman for two decades in Chicago, Cambodia and Washington DC.
‘It can be a driver of potential fees,’ Dan Faigus tells packed room at Private Funds CFO event.
A decision is soon due on industry groups' legal moves to block the US Securities and Exchange Commission’s sweeping private fund rules.
photo of statue of Lady Justice
The lead attorney for six trade groups has warned an appellate panel that the SEC's sweeping rules will cost industry $5.4bn per year if left standing.
Many LPs are still tepid on the final rules and still appear to want the US regulator as a referee.
On accelerated monitoring fees and indemnities, regulators discover they have had the power all along – bad news for those who would have challenged the relevant initial proposals from the SEC in court.
Gensler zip dollar note
The US regulator's final rules, voted through on Wednesday, still impose rigid disclosures and require fairness or valuation opinions on continuation fund transactions.
Securities and Exchange Commission, SEC, Building in Washington DC. The SEC regulates stocks and bonds and related financial activities.
GPs will soon have to report on sponsor-initiated secondaries deals within 60 days from the end of each quarter, after the US regulator voted through the proposals Wednesday.
The SEC had proposed last year to enhance transparency in the private fund industry through various means, including via regulatory filing requirements.
Disclosure requirements are 'problematic', the Institutional Limited Partners Association says.
Fork in the road signs
Gary Gensler, head of the US financial regulator, is expected to focus on ESG and market structure reforms.

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