While a federal appellate court considers a historic case that challenges the validity of SEC reforms which target private funds, Schulte Roth & Zabel partner Kelly Koscuiszka provided commentary on the matter to Hedge Fund Alert for their Regulatory Roundup.
The final iteration of the rules is yet to be determined, but the deadline for compliance looms this fall, forcing capital allocators to prepare for their most restrictive versions.
Kelly described the SEC's regulatory moves as creating, "a pretty dramatic shift for the industry."
She added that the unprecedented showdown has caught the attention of the financial world at large, "I've never seen my clients so interested in litigation in an appellate case."