Navigating the New SEC Private Fund Advisor Rules Panel: Quarterly Statement Rule

Updated on: June 12, 2024

On June 5th, 2024, the US Court of Appeals for the Fifth Circuit ruled regarding the litigation surrounding the Private Fund Advisers Rules. In its decision, the Court has determined that the Securities and Exchange Commission (SEC) exceeded its authority in adopting the Rule in August 2023, resulting in the vacating of said Rule (making it not applicable).

At Gen II, we remain committed to maintaining our position at the forefront of the industry. We will continue to collaborate closely with industry leaders to navigate these developments effectively. As further information becomes available, we will ensure timely and transparent communication to keep you informed of any pertinent updates.

If you have any questions, please feel free to contact us at secrules@gen2fund.com.

Below is the Gen II SEC PFA Rules discussion panel, held on March 26th, 2024.

Published on: April 17, 2024