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Fed grants extension on seed investments under Volcker

The Federal Reserve Board is allowing banks an additional two years to divest certain types of initial fund investments.

Goldman expects ‘recalibration’ on Volcker rule

The bank already has a five-year extension to comply with the regulation which would push it to divest private fund stakes worth $6bn.

Proposed UK tax shake-up may hit secondaries

A recommendation to digitise stamp duty payments could expose fund managers restructuring, reorganising or transferring partnerships to more tax.

PE still constrained in Treasury’s Volcker review

While offering some concessions, the US Treasury Department said overall limits to private equity investment by banks should remain in place.

Solvency II reporting template is a ‘huge step’ for standardisation

The template allows an insurance company to calculate whether its holdings meet with the solvency capital requirements of the EU’s Solvency II directive.

30 under 40: last chance to nominate

The nominations deadline for sister title pfm's search for tomorrow’s superstar private equity lawyers is 31 May.

Fiduciary Rule’s future remains uncertain

The regulation will be partially effective from June, but could still face a ‘full-scale rewrite.’

SEC homes in on IRR calculations

Firms should review whether capital from reinvestment or subscription credit lines should be included in IRR calculations.

Clayton to divest Apollo, Bain, Warburg Pincus exposure

The newly appointed head of the US financial regulator must divest direct and indirect holdings in at least 54 private markets funds.

Volcker Rule ‘efficacy’ under scrutiny

Efforts to assess the effectiveness of the rule were discussed at a Monday meeting.