22.10.2020 Other Voices: SEC updates regs for funds of funds, but some limitations remain
By: Scott Moss, Lauren A. Schwartz, Lowenstein Sandler

On October 7, 2020, the Securities and Exchange Commission (SEC) voted to adopt rule 12d1-4 under the Investment Company Act of 1940 and related amendments to streamline and enhance the regulatory framework, which governs registered funds that invest in other investment companies and private funds that invest in other registered funds ("fu

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