The Volcker Rule’s Impact on Private Funds: Recent Rulemakings and Market Trends

in Corporate Governance, Events, Hedge Funds, Private Equity, Proprietary Trading, Volcker Rule

RESCHEDULED for Tuesday, October 25, 2011

12:45 – 2:00 PM ET

Speakers: Harvey Eisenberg, Derrick Cephas, and Heath Tarbert

Since its passage in July 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act — and more specifically, Section 619 and its implementing rules — has worried financial industry executives and their legal advisers because of the potential impact on proprietary trading operations, merchant banking arms, and fund management teams embedded inside of large banks.

An interdisciplinary panel covering private equity fund formation, M&A, and financial institutions regulatory will address recent and forthcoming rules pursuant to the Dodd-Frank Act’s Volcker Rule whereby large, systemically important banks will have to divest certain fund operations. The panel will provide comprehensive understanding of the new rules for directors, GCs, senior executives, and compliance personnel who face the challenge of complying with the new rules. Highlights of the discussion will include:

  • Strategies to retain existing fund businesses and to form new fund businesses in compliance with applicable regulations;
  • Incorporating conformance periods into overall compliance strategy;
  • Strategies to transition fund businesses in spin-out and “forced sale” situations;
  • “Public capital” alternatives, including the creation of publicly-listed private equity funds and management companies;
  • Regulatory and litigation issues arising from the sale of fund businesses; and
  • Next steps for both fund managers and banking industry leaders.

Register here for this complimentary Webcast.

The Working Group will continue to monitor any developments and provide timely coverage at Weil’s Financial Regulatory Reform Center.  If you are interested in discussing the Volcker Rule or related regulatory issues, please contact Working Group members Harvey M. Eisenberg (212-310-8663 or harvey.eisenberg@weil.com), Derrick D. Cephas (212-310-8797 or derrick.cephas@weil.com), or Heath P. Tarbert (202-682-7177 or heath.tarbert@weil.com).

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