Registered Funds Alert, September 2016
This latest edition of Simpson Thacher’s Registered Funds Alert discusses: AXA’s win in its Section 36(b) trial and lessons for multi-manager funds and fund boards; the SEC’s proposed rule on business continuity and transition plans; criticism from the fund industry on a multi-agency rule proposal aimed at regulating incentive-based compensation arrangements; and the SEC’s recent clarification regarding the “Loan Rule” and its effect on independence of certain accounting firms.