Consumer Privacy Rules: Compliance By Private Investment Fund Managers
- Topics:
- Commercial Lending,
- Securities litigation
- Tags:
- Akin Gump Strauss Hauer & Feld,
- Compliance,
- Finance,
- Financial Accounting,
- Investment,
- Investor,
- Policies And Procedures,
- Privacy Rule
- Source:
- Akin Gump Strauss Hauer & Feld
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Overview: If one is the general partner or manager of a hedge fund, private equity fund or any other private investment fund that has any individual investors, is subject to new, federal rules designed to protect the privacy of information obtained concerning those individuals. These new federal rules (the Privacy Rules) require to (1) adopt policies and procedures to safeguard certain personal information about prospective and existing investors and (2) give initial and annual notices to prospective and existing investors about these policies and procedures. The Privacy Rules apply to one even if they are not registered with the Securities and Exchange Commission (SEC) or any other financial services industry regulator.
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Format: PDF | Size: 69KB | Date: Jun 2001 | Pages: 5





