Alert

Recommended Alerts

Sign Up For Alerts

DOL Proposes Stricter Requirements for All Managers Relying on the Qualified Professional Asset Manager (QPAM) Exemption

On July 27, 2022, the U.S. Department of Labor (DOL) published in the Federal Register a proposed amendment to the qualified professional asset manager (QPAM) class prohibited transaction exemption 84-14 (PTE 84-14 or QPAM Exemption), which would make it more difficult to rely on the exemption in certain circumstances, including when the QPAM, its affiliates or any 5% or more owners have been convicted of certain crimes.

Read More

2021 Mutual Funds and Investment Management Conference

Practices: Asset Management, Investment Management, Registered Funds

Printer-Friendly Version

Ropes & Gray’s memorandum summarizing the 2021 Mutual Funds and Investment Management Conference sponsored by the Investment Company Institute and the Federal Bar Association is available here. The Conference included sessions that discussed the following industry and regulatory developments, among others:

  • Keynote Remarks by ICI President and CEO, Eric J. Pan & SEC Acting Chair Allison Herren Lee.
  • Recently adopted regulations under the 1940 Act including the Valuation, Fund of Funds and Derivatives Rules.
  • The SEC’s examination and enforcement focus areas under the new administration.
  • Industry issues under current work-from-home orders and eventual re-opening.
  • A review of developments in mutual fund civil litigation.
  • Board practices and regulatory developments affecting fund directors.

If you would like to discuss a specific session, or any other aspect of the conference, please contact any of the lawyers listed on the back cover of the memorandum or the Ropes & Gray lawyer with whom you regularly work.

Printer-Friendly Version

Cookie Settings