Regulation

European financial rules are unlikely to change in the immediate future, as the regulator waits for the dust to settle on measures introduced over the past five years.

SEC chairwoman Mary Jo White’s legacy, built over almost four years as head of the commission, includes a catalog of far-reaching regulations that impact private fund managers.

A global set of financial standards and a transitional system to facilitate adaptation to post-Brexit rules were among the suggestions put forward by Financial Conduct Authority heavyweights.

Doubts over whether plans to tax carry as income will be actionable have been raised, along with suggestions a renewed legislative proposal to do so may fail.

Gabriel Boghossian, who leads secondaries at King and Wood Mallesons, discusses what full disclosure in GP-led deals means and what to watch out for when testing the market.

The former Park Hill fund restructurings specialist was handed a lenient sentence on account of his gambling addiction.

The bank plans to request additional extensions for the majority of the $2.3bn investments while considering other options such as secondaries sales.

Blackstone, Fenway Partners and Blackstreet Capital Management were among the firms to be slapped with multi-million dollar fines including one charge related to a secondaries deal.

The bank is in talks with Houlihan Lokey to explore the sale of private equity, real estate and infrastructure stakes valued at as much as $2bn, Secondaries Investor has learned.

Private equity firms should go beyond enforcement cases and speeches and look internally to identify problems that could arise during an SEC inspection, said the Commission’s Igor Rozenblit.