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ILPA pressures SEC to update transparency rules

by Alice Murray 10 May 2018

The Institutional Limited Partners Association (ILPA) has piled pressure on the US Securities and Exchange Commission (SEC) to ensure the private equity industry becomes more transparent by updating its rules around marketing and fee disclosure. In a letter sent by the recently-appointed CEO Steve Nelson, ILPA claims it is "supportive of SEC oversight", but calls on the governing body to review its policies on a number of key topics, including the advertising rule, Form PF, broker-dealer registration for private equity fund advisers and the custody rule.

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