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Taxation on carried interest rate rises to 32% after UK Budget
Increase in CGT on carried interest is largely welcomed and seen as lessor of two evils. However, switching to the income tax regime is expected in 2026.
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Consumer Duty, bundling, reporting and DORA discussed at compliance roundtable
Rumors addressed included the SEC being active in London and a crackdown on illegal marketing.
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Scrutinising valuation: Next steps for private asset managers
If you haven’t reviewed your valuation practices recently, now would be a good time to start.
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10 things you need to know about PISCES
The new UK Private Intermittent Securities and Exchange System (PISCES) is a platform for secondary trading in freely transferable shares issued by UK or non-UK companies.
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The GRIP Files: Karen Sands, COO – Private Equity, Federated Hermes GPE
Kicking off our 2024 series of profiles, Karen discuses her career to date, offers advice to women starting out in private equity, and considers new rules on SDR labels and AI.
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SEC asks for off-channel messages from firms in expanding investigations
Reuters’ sources say the SEC has collected thousands of staff messages from major investment firms.
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SEC unveils new private fund reforms – scope and best compliance practice
Reforms bring several significant requirements applicable to private fund managers, including non-US based advisers and exempt reporting advisers.
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‘No choice but to litigate’ – US private fund groups sue SEC over new disclosure rules
Private fund groups sue the SEC, arguing its new regulations impose onerous disclosure requirements on private fund advisers.