On December 20, 2020, the SEC adopted reforms under the Advisers Act which modernized rules that govern investment adviser advertising and payments to solicitors. On September 19, 2022, the SEC Division of Examinations published a Risk Alert to inform Advisers that examinations will soon be focused on compliance with the Marketing Rule commencing on November 4, 2022.
The Marketing Rule will have a significant impact on CLOs. To read the full “Implications of the New Investment Adviser Marketing Rule on CLOs”, please click below.
If you have any questions or comments about this publication, please feel free to contact Greg B. Cioffi at (212) 574-1439, Andrew Robertson at (212) 574-1676 or Grace Nealon at (212) 574-1677.