On April 3, 2024, the U.S. Department of Labor (DOL) published significant modifications to Prohibited Transaction Class Exemption 84-14 (the QPAM Exemption). The amendment becomes effective on June 17, 2024; however, certain...more
4/9/2024
/ Compliance ,
Criminal Convictions ,
Deferred Prosecution Agreements ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Exemptions ,
Financial Crimes ,
Investment Management ,
New Amendments ,
Non-Prosecution Agreements ,
Notice Requirements ,
Prohibited Transactions ,
QPAM ,
Shareholders
If you manage a private investment fund that is subject to Title I of ERISA and is not a feeder fund (an “ERISA Fund”), you should, before December 1, 2023, take the steps described below in order to comply with the DOL’s...more
9/26/2023
/ Beneficiaries ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Environmental Social & Governance (ESG) ,
Fiduciary Duty ,
Investment Management ,
Pooled Investment Vehicles ,
Private Investment Funds ,
Proxy Voting ,
Retirement Plan ,
Shareholder Rights ,
Trustees