The Back Office - Weekly Update (3/5/23)

Welcome! This week’s insights below:

• Audit & Tax

  • Final Schedule K-2 and K-3 Instructions Provide Limited Relief for Investment Partnerships | BDO

  • Expansion of Adviser’s Safeguarding & Custody Rules? | FORVIS

  • The Latest on Tariffs and Their Impact on Business Strategies (CLA)

• Administration

  • The Keys to Success with Post-Pandemic Advisor Engagement (ssctech.com)

• Compliance & Regulation

  • Facility Fees and Accrual (sewkis.com)

  • ELTIF 2.0 (friedfrank.com)

  • Tout, Tout, Let It All Out: SEC Continues Crackdown on Celebs, Athletes Touting Digital Assets | Insights | Holland & Knight (hklaw.com)

  • Investment Management Regulatory Update - February 2023 | Davis Polk

  • Private Equity Regulatory Update - February 2023 | Davis Polk

  • Exploring Potential Investor-State Treaty Challenges to the OECD’s Pillar Two Model Tax Rules | Insights | Skadden, Arps, Slate, Meagher & Flom LLP

  • The Angels in the Details: The Importance of Carefully Drafted Board Minutes | Insights | Skadden, Arps, Slate, Meagher & Flom LLP

  • Private Fund Compliance Forum | Events | Kirkland & Ellis LLP

  • When the Whistle Blows, Listen Carefully – and Consider Self-Disclosure – Crime & Corruption (cooley.com)

  • Why Luxembourg is a Leading Centre for Private Equity | Ogier

  • S&C Publication: SEC Proposes Significant Changes to Investment Adviser Custody Rule (sullcrom.com)

  • Tip 1 for Updating Your Compliance Program: SEC Focus on Hedge Clauses | ACA Group (acaglobal.com)

  • Tip 2 for Updating Your Compliance Program: Continuing Education Requirements | ACA Group (acaglobal.com)

  • Vigilant Monthly Newsletter | February 2023 (vigilantllc.com)

  • Trident Trust Extends US Fund Services Footprint to Texas

  • 2023 IRS Nationwide Tax Forums to be held in five cities | Internal Revenue Service

  • SEC.gov | SEC Charges Global Transportation Company Greenbrier and Former CEO for Failing to Disclose Perks and Payments

  • Commissioner Goldsmith Romero Announces Technology Advisory Committee Meeting Agenda That Includes Cybersecurity, Decentralized Finance, and Artificial Intelligence | CFTC

• Investors & Marketing

  • PSP Delivers a Towering Investment in Telecoms (GlobalSWF) Global SWF

  • Allocators Increasingly Push for Hedge Fund Hurdle Rates | Institutional Investor

  • Institutional Investors Are Using Reddit to Make Investment Decisions. Here’s Where They Lurk. | Institutional Investor

  • Pennsylvania SERS Commits $75M to Private Equity (dakota.com)

  • Colorado Fire & Police Commit $25M to Private Equity (dakota.com)

  • Louisiana SERS Commits $110M to Private Equity Secondaries Fund (dakota.com)

• Operations & Trading

  • MTS and Wematch to launch new digital marketplace for interest rate swaps dealers - The TRADE (thetradenews.com)

  • Buy Side Raises Bar on Data Analytics - Traders Magazine

  • Brokerage Firms Face Internationalization - Traders Magazine

  • February 2023 Research Briefing with Nick Colas of DataTrek - Capis

  • Next Generation Client Onboarding - Alpha FMC

• Technology

  • Market Thinking For 2023 with Angelo Robles and Mark Tinker (accordia-group.com)

  • Thinking About Cloud Migration? Make Sure Your Applications Handle it - Agio

  • 5 Growing Cyber Risks Facing Hedge Fund and Private Equity Firms in 2023 - Agio

  • Why are Institutional Investors Embracing the Cloud and Stronger Cyber Controls Now? - Agio

  • Is your data analytics platform killing you softly? - ActiveViam

Thanks for reading,

-B.O.G