Registered Funds Alert, May 2015
This edition of the Simpson Thacher Registered Funds Alert discusses recent developments in the registered funds industry, including an overview of the SEC’s 2015 rulemaking and enforcement priorities, recent guidance relating to cybersecurity practices, proposed new hedging disclosure requirements and controversy regarding “bad actor” waivers. In addition, it discusses the SEC’s increased comfort with innovative exchange-traded funds. Finally, we report on notable transactions that occurred in the first quarter of 2015, including M&A transactions and closed-end fund initial public offerings.