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Sidley says it reviewed SEC proposals on retail access to alternative investments
Sidley said it published an analysis of the SEC’s September 30 proposals on interval funds, performance fees and accredited investor eligibility. The firm said the proposals address how private-market strategies are offered through registered products and remain subject to rulemaking rather than constituting final changes.
Key points
- Sidley said the interval-fund proposal would permit a two-year initial repurchase deferral.Sidley
- The firm said performance compensation would be capped at 20% of a regulated fund’s net gains over a specified period.Sidley
- Sidley said proposed eligibility pathways include a FINRA-administered accredited investor examination.Sidley
- The firm said comments are due 60 days after Federal Register publication.Sidley