Private Fund Update - December 2, 2013

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In this issue:

- The 113th Congress

- Securities and Exchange Commission

- Commodity Futures Trading Commission (CFTC)

- The Administration

- Private Equity Growth Capital Council (PEGCC)

- Miscellaneous

- Excerpt from: Commodity Futures Trading Commission (CFTC)-

No Action Relief on Cross-Border Swaps -

Two weeks after releasing controversial guidance that a non-U.S. swap dealer registered with the Commission must comply with the transaction-level requirements of Dodd-Frank when entering into a swap with a non-U.S. person if the swap is arranged, negotiated, or executed by personnel or agents located in the United States, the CFTC extended the requirement date until January 14, 2014 via a No Action Letter.

Please see full newsletter below for more information.

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