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Regulatory Priorities

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Policy Articles

International Issues: Positioning U.S. Private Equity Firms and Funds in Global Markets

The AIC is the voice for private equity in the United States, but we also work to ensure U.S. private equity firms and the funds they manage receive fair treatment in other countries. We agree with…
Policy Articles

Tax Regulatory Priorities

The enactment of tax reform legislation in late 2017 began a second phase of tax reform in the regulatory space. The private equity industry, working through the AIC, will be working over the coming…
Policy Articles

The JOBS Act and Public Shareholder Communications

The AIC urges the SEC to simplify the verification of investor status and provide further assurances on what constitutes “general solicitation” to allow for normal business reporting without…
Policy Articles

The Advertising Rule

The AIC urges the SEC to modernize the Advertising Rule to better meet the demands of the 21st century. The SEC’s Advertising Rule (Rule 206(4)-1), which has not been amended since its adoption…
Policy Articles

The Custody Rule

The AIC urges the SEC to update the Custody Rule to remove unnecessary burdens. The SEC’s Custody Rule (Rule 206(4)-2) imposes many unnecessary burdens on private fund sponsors with respect to the…
Policy Articles

The SEC’s Auditor Independence Rules

The AIC urges the SEC to clarify the applicability of its auditor independence rules in the private equity context to reduce the detrimental effects on capital formation caused by the current…
Policy Articles

Investment Advisers are Not Broker-Dealers

Investment Advisers are Not Broker-Dealers: The AIC urges the SEC to confirm that broker-dealer regulations do not apply to private equity investment advisers merely because they may receive fees in…
Legislative Priorities

American Investment Council Applauds Investment Advisers Modernization Act

WASHINGTON – A bipartisan group of legislators introduced the Investment Advisers Modernization Act of 2016. Cosponsored by House Financial Services Committee members Robert Hurt (R-VA), Juan…
Regulatory Priorities

SEC Enforcement Proceedings Driving Changes in the Private Equity Fund Industry

By: Lindsey L. Wiersma, Counsel at Paul, Weiss, Rifkind, Wharton & Garrison LLP Andrew Ceresney, Director of the SEC’s Division of Enforcement, recently spoke at the Securities Enforcement…
Policy Articles

Form PF

The AIC urges the SEC to reform Form PF to reflect the fact that private equity investment advisers, funds and their portfolio companies pose no systemic risk. This will reduce unnecessary…
Carried Interest

First Quarter President’s Report

By: Steve Judge   The first quarter of 2015 saw an increase in partisanship and a focus on international issues, which made substantive legislation more difficult to achieve. We continue to…
Legislative Priorities

The SEC’s Year of Enforcement

By: John Sikora Jr., Partner, Latham & Watkins, LLP    What Is a Private Equity Fund Manager to Make of the SEC’s Year in Enforcement? In reviewing the results of SEC Enforcement’s fiscal…
Legislative Priorities

PEGCC Holds First Environmental, Social, and Corporate Governance (ESG) Seminar

The Council held its first seminar in a new educational series on environmental, social, and corporate governance (ESG) programs on May 22nd at Paul, Weiss, Rifkind, Wharton & Garrison LLP in New…