December 11, 2020 Alert

Hi all,

Below are this week’s alerts for the Investment Network.  Enjoy!

This Issue’s Topics:

  • Stradley Ronon: IRS Issues Final PFIC Ownership Regulations
  • ICI: 2020 Virtual Closed-End Fund Conference
  • FREE: SEC To Consider Investment Adviser Marketing Rules
  • FREE: Women in Derivatives (WIND): COVID-19 and Gender Equality: Countering The Invisible Workload
  • CBA Futures and Derivatives Law Committee Meeting – 2020 Election – Regulatory Impact
  • FREE: Global DCA Discussion Session – Keynote FinCEN Erik Kiefel – “Too Much or Not Enough? AML / KYC in the Digital Asset Industry”
  • 100 Women in Finance Webinar: UNPRI and Beyond: The Future of ESG
  • CBA Securities Law Committee Meeting: Covid-19 Issues
  • Washington DC Compliance Roundtable: SEC Presentation: Adviser & Private Funds Hot-Topics

Publications:

Stradley Ronon: IRS Issues Final PFIC Ownership Regulations
December 09, 2020

The IRS has issued final regulations (TD 9936) regarding how to determine if a foreign corporation is a passive foreign investment company (PFIC) and the application and scope of certain rules that determine whether a U.S. person that indirectly holds stock in a PFIC is treated as a shareholder of the PFIC.

To read more, click here.

Events:

ICI: 2020 Virtual Closed-End Fund Conference
Available on Demand through January 4, 2021 (Live Broadcast was November 4-5, 2020)

Keep up to date on issues and emerging trends affecting closed-end funds, and hear the updates from the unique perspective of fund sponsors, independent directors, fund analysts, attorneys, regulators, and other participants in the closed-end fund ecosystem!

Featured Speakers:

  • David Lamb of Nuveen
  • Robert J. Jackson Jr. of New York University School of Law

CLE and CPE credit is available for attendees. The conference platform is available until January 4, 2021.

To register, click here.

FREE: SEC To Consider Investment Adviser Marketing Rules
Open Meeting: Wednesday, December 16, 2020, 9:00 A.M. CDT

The Commission will consider whether to adopt amendments under the Investment Advisers Act of 1940 (the “Advisers Act”) to update rules that govern investment adviser marketing to accommodate the continual evolution and interplay of technology and advice, while preserving investor protections. The Commission will also consider whether to adopt amendments to Form ADV to provide the Commission with additional information about advisers’ marketing practices, and corresponding amendments to the books and records rule under the Advisers Act.

For more information, click here.

FREE: Women in Derivatives (WIND): COVID-19 and Gender Equality: Countering The Invisible Workload
Wednesday, December 16, 2020, 11:00 A.M.-1:00 P.M. CDT

Join panelists Alexis Krivkovich and Olivia White of McKinsey & Company and Moderator Melanie Lucas of MSCI for this virtual panel discussion.

To register, click here.

CBA Futures and Derivatives Law Committee Meeting
Wednesday December 16, 2020, 12:00-1:30 P.M., CDT

TOPIC:  2020 Election – Regulatory Impact

Speakers:

  • Scott Parsons of Delta Strategies
  • Justin Slaughter of Mercury Strategies
  • Stephen Humenik (Moderator) of K&L

Committee Meeting Announcement: Join us via Live Webcast (in-person meetings temporarily suspended).

CLE credit is available for this meeting.  To register (required for attendance), click here.

FREE: Global DCA Discussion Session – Keynote FinCEN Erik Kiefel – “Too Much or Not Enough? AML / KYC in the Digital Asset Industry”
Thursday, December 17, 2020, 10:00-11:30 A.M. CDT

How should businesses in the digital asset industry approach AML/KYC? What tools and resources are available to facilitate compliance? What should forthcoming Global DCA standards and guidance on the subject look like? This session will provide insight from a variety of perspectives on these and other emerging issues surrounding AML/KYC for the digital asset industry.

AGENDA HIGHLIGHTS

  • Welcome: Gabriella Kusz of Global DCA
  • Keynote: Erik D. Kiefel of FinCEN
  • Introductory Remarks: Tony Pettipiece, Chair of the Public Policy and Regulation Committee
  • Event Overview and Moderation: Amit Sharma of FinClusive
  • Panelist #1: Marian Todd, of BMO Harris Bank
  • Panelist #2: Jesse Spiro of Chainalysis
  • Panelist #3: Noah Buxton of Armanino LLP
  • Closing Remarks: Matthew Lisle if Global DCA

To register, click here.

100 Women in Finance Webinar: UNPRI and Beyond: The Future of ESG
Thursday, December 17, 2020, 11:00 A.M. CDT

As you may be aware, the United Nations’ Principles for Responsible Investment (UNPRI) organization is the world’s leading proponent of responsible investment. The group acts in the long-term interests of its signatories and of the financial markets and economies in which they operate, and, ultimately, the environment and society as a whole. The UNPRI encourages investors to use responsible investment to enhance returns and better manage risks while engaging with global policy makers on environmental, social and corporate governance (ESG) initiatives.

ESG investing represents a fundamental shift across all industries globally. These issues affect strategic and operational decisions, including responding to climate change, implementing effective health and safety policies, and promoting a corporate culture that builds trust and fosters innovation.

Get an update on the work and new initiatives being undertaken at the UNPRI. Learn how PineBridge, an industry leader in the ESG space and a signatory to the Principles, is continuously evolving its responsible investing platform.

Consider how you might incorporate UNPRI into your investments at your firm, with your clients and for your own portfolio.

To register, click here.

CBA Securities Law Committee Meeting
Thursday, December 17, 2020, 12:15-1:30 P.M. CDT

TOPIC: Covid-19 issues, Upcoming Meetings/Seminars, Member Input

Committee Meeting Announcement: Join us via Live Webcast (in-person meetings temporarily suspended).

To register (required for attendance), click here.

Washington DC Compliance Roundtable (WDCCRT): SEC Presentation: Adviser & Private Funds Hot-Topics
Thursday, January 14, 2021, 3:30-5:00 P.M. CDT

Join us for a virtual meeting with Christine Ayako Schleppegrell, Senior Counsel in the SEC’s Private Funds Branch. Christine will discuss noteworthy 2020 rulemakings and SEC initiatives impacting investment advisers and private funds.

WDCCRT has grown significantly and in order to make the group beneficial to all members, it is vital we have members that help us maintain a diverse, balanced skill set. Non-member in-house CCOs, CFOs, GCs and COOs interested in becoming members are invited to RSVP to hear about a special membership offer after the event.

WDCCRT Members can RSVP at contact@wdccrt.org by COB January 7th, 2021 to receive log-in information.

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