Private markets have long been reserved for pensions, endowments, and the wealthy. Now policymakers in the US, UK, and EU are opening these markets to ordinary retirement savers. In the US, the biggest test is the 401(k)...more
2/11/2026
/ 401k ,
Benefit Plan Sponsors ,
Cryptocurrency ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Executive Orders ,
Fiduciary Duty ,
Pensions ,
Private Equity Funds ,
Private Funds ,
Retirement Plan ,
Securities and Exchange Commission (SEC)
On November 17, the U.S. Securities and Exchange Commission (SEC) Division of Examinations (the Division) released its Fiscal Year 2026 Examination Priorities (the 2026 Priorities), outlining the key topics that the Division...more
12/8/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Cybersecurity ,
Fiduciary Duty ,
Investment Adviser ,
Investment Companies ,
Registered Investment Advisors ,
Registered Investment Companies (RICs) ,
Regulatory Requirements ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC)
On September 17, 2025, the Securities and Exchange Commission (SEC) issued an order (the order) approving new generic listing standards for certain commodity-based exchange-traded products (ETPs), including those backed by...more
In this horizon scan for private investment funds, we set out some of the principal legal- and regulatory-focused developments managers based in Europe should look out for in the coming months....more
10/2/2025
/ Alternative Investment Fund Managers Directive (AIFMD) ,
EU ,
Failure to Prevent ,
Financial Conduct Authority (FCA) ,
Fraud ,
HM Treasury ,
Private Investment Funds ,
Regulatory Reform ,
Rule 506(c) ,
Sustainable Finance ,
UK
On August 7, 2025, the Trump Administration issued a long-awaited executive order (the “Executive Order”) to encourage sponsors of 401(k) and other participant-directed defined-contribution plans that are governed by the...more
8/11/2025
/ 401k ,
Commodities ,
Defined Contribution Plans ,
Department of Labor (DOL) ,
Digital Assets ,
Employee Retirement Income Security Act (ERISA) ,
Executive Orders ,
Fiduciary Duty ,
Investment Funds ,
Private Equity ,
Real Estate Investments ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
Trump Administration
In this horizon scan for private investment funds, which is aimed at managers based in Europe, we have set out the some of the principal legal and regulatory-focused developments to look out for in the coming months....more
Regulatory shifts are creating new opportunities in exchange-traded products and public capital markets for digital asset companies....more
4/22/2025
/ Bitcoin ,
Capital Markets ,
Cryptocurrency ,
ETFs ,
Ethereum ,
FinTech ,
Initial Public Offering (IPO) ,
Investment Funds ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Trump Administration
On October 21, the Securities and Exchange Commission’s (SEC’s) Division of Examinations (Division) released its examination priorities for 2025, outlining the key topics the Division plans to focus on in the upcoming fiscal...more
11/5/2024
/ Code of Conduct ,
Compliance ,
Cryptoassets ,
Cybersecurity ,
Department of Justice (DOJ) ,
Fiduciary Duty ,
Fund Managers ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Popular ,
Private Funds ,
Registered Investment Companies (RICs) ,
Risk Assessment ,
SEC Examination Priorities ,
Securities and Exchange Commission (SEC)
On September 9, 2024, approximately one year since its first flurry of similar Marketing Rule actions, the Securities and Exchange Commission (the SEC) announced settlements with nine SEC-registered investment advisers (the...more
9/17/2024
/ Civil Monetary Penalty ,
Compliance ,
Enforcement Actions ,
Form ADV ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Marketing ,
Registered Investment Advisors ,
Securities and Exchange Commission (SEC) ,
Securities Violations ,
Social Networks ,
Websites