Private Fund Update - December 2, 2013


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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Topics:  CFTC, Cross-Border, No-Action Letters, PEGCC, Private Funds, SEC, Swaps

Published In: General Business Updates, Elections & Politics Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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