Category Archives: Federal Law & Regulation

Redline of Final VC Exemption Rules Against Rules Initially Proposed

If you are curious how the SEC changed its proposed rules to take into account the comments it received, you might find the below embedded redline of the proposed against the final rules helpful.

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SEC Issues Final Rules Re VC Fund Exemption From Investment Advisers Act

You can find the final rules here: Final Rule Also see: SEC Press Release From the Final Rule: In summary, the rule defines a venture capital fund as a private fund that: (i) holds no more than 20 percent of … Continue reading

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SEC Open Meeting Today To Approve VC Fund Exemption To Adviser Act Registration

The SEC is having a meeting today at which it will approve rules defining which types of venture capital funds will be exempt from having to register as investment advisers under the Investment Advisers Act. From the proposed rules: As … Continue reading

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The Latest on the Taxation of Carried Interests

By Joe Wallin and Michael Gentile A proposal to change the tax treatment of carried interests was included in the Obama Administration’s 2012 Revenue Proposals. Unlike proposals introduced by the Treasury in the past, which would have been applicable to … Continue reading

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Private Company Flexibility and Growth Act Introduced In House

Legislation has been introduced in the House that would increase the 500 shareholder threshold for SEC reporting to 1,000 and exclude “accredited investors” from being counted toward that limit. The bill is actually short. You can read it below. It … Continue reading

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