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The regulator issued a risk alert after finding consistent shortcomings in the way performance is advertised.
Regulation designed to draw clear lines of accountability within firms could mean a rethink of management structures or role definitions.
The 25-question consultation “paves the way” for a rewrite of the rule that restricts banks’ investment into private equity funds.
The OCC’s investigation could be the first step in dismantling the regulation that restricts a bank’s ability to invest in private equity.
A recommendation to digitise stamp duty payments could expose fund managers restructuring, reorganising or transferring partnerships to more tax.
Quarterly reports to investors must be explicit on the use of subscription credit lines, while LPs must ask for data that discounts the impact of borrowed cash, the lobby group recommends.
While offering some concessions, the US Treasury Department said overall limits to private equity investment by banks should remain in place.
The template allows an insurance company to calculate whether its holdings meet with the solvency capital requirements of the EU’s Solvency II directive.
Some investors are in favour of reducing the frequency of capital drawdowns; many are concerned about the risks of extending loan periods.
The nominations deadline for sister title pfm's search for tomorrow’s superstar private equity lawyers is 31 May.