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Kevin Ley

A recent bill introduced by US Senator Christopher Dodd maintains SEC registration exemptions for private equity and venture capital funds.
A recent bill introduced by US banking committee chairman Christopher Dodd maintains previous SEC registration exemptions by the Senate for private equity and venture capital funds, but could also lead to multiple state regulator oversight for smaller firms.
A debate by ministers over stringent regulations for EU fund managers was temporarily cancelled following interventions by the UK Prime Minister Gordon Brown.
ILPA and the US Treasury are the latest to speak out on the adverse effects proposed legislation would have on Europe's private equity market.
Both the US Treasury and the Institutional Limited Partners Association have written to key Euro officials about their 'real concerns' of the impacts of proposed EU regulations on US and European fund managers.
In relation to the pay-to-play scandal, Ares and Freeman Spogli have signed on to New York Attorney General Andrew Cuomo’s code of conduct that prohibits the use of placement agents.
A controversial provision that was removed from the AIFM Directive when Sweden held the EU presidency has been reinstated by Spain - prompting criticism from the Alternative Investment Management Association.
Ares Management and Freeman Spogli & Co. have signed on to New York Attorney General Andrew Cuomo’s placement agent code of conduct.
Proposed EU regulations covering the private equity industry have received more 1,000 demands for amendments by MEPs.
US and international accounting boards are still striving to reach a unified set of accounting standards in 2010 - which will likely mean more headaches for CFOs.

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