Insights

Regulatory Compliance

Law 360 Article: What Financial Cos. Must Know For Handling T+1 Settlements

Regulatory Compliance

Petra's Managing Director of Credit, Adam Weiss, was recently featured in Law60 explaining what financial companies must do to remain compliant with the new T+1 settlement rule.

Proactive Compliance: Getting Your Program Ready for 2024

Regulatory Compliance

In the past year, we have seen a tremendous amount of activity from the U.S. Securities and Exchange Commission (SEC). From a flurry of proposals across a wide spectrum of areas to the adoption of significant rules, the SEC has made it clear that private fund regulation is top of mind.

SEC Exams Division Announces 2024 Priorities

Regulatory Compliance

On October 16, 2023, the U.S. Securities and Exchange Commission Division of Examinations announced its 2024 examination priorities. For Investment Advisers, the significant focus will be reminiscent of years past but with a deeper focus on crypto assets and information security and operational resiliency.

Preparing for Change: SEC’s Proposed Cybersecurity Rules for Private Fund Advisers

Regulatory Compliance

In February 2022, the U.S. Securities and Exchange Commission unveiled a set of proposed cybersecurity regulations aimed at bolstering the preparedness of registered investment advisers and funds in the face of growing cybersecurity threats and incidents.

SEC Adopts Significant Amendments to the Private Fund Rules

Regulatory Compliance

SEC Adopts Significant Amendments to Form PF

Regulatory Compliance

The Securities and Exchange Commission (SEC) adopted amendments to Form PF on May 3, 2023. The SEC noted that the changes would enhance its ability to monitor and assess systemic risks in the private funds industry.

SEC Releases 2023 Examination Priorities

Regulatory Compliance

The U.S. Securities and Exchange Commission's Division of Examinations recently released its 2023 Examination Priorities. As expected, the Division will continue to prioritize the operations and compliance practices of Registered Investment Advisers to private funds.

The Marketing Rule: How it Will Affect Your Business

Regulatory Compliance

On December 22, 2020, the Securities and Exchange Commission (SEC) adopted reforms under the Investment Advisers Act of 1940 to modernize rules describing how Registered Investment Advisers (RIAs) advertise. The amendments created a single rule, the Marketing Rule, that goes into effect on November 4, 2022.

Nine Compliance Considerations for First-Time Private Investment Fund Managers

Regulatory Compliance

Launching a private fund is an exciting venture for entrepreneurs. While a successful fundraise, locking down an investment strategy, and sourcing deals are the primary focus of private fund managers, a variety of other to-dos need to be accomplished. From finding office space to selecting service providers to finalizing fund documents, the list can seem daunting, especially for smaller teams. By leveraging service experts and methodically tackling the to-do list, investment management teams can execute an efficient fund launch.