Corporate Transparency Act's Impact on Private Funds and Investment Managers
Reporting Obligations, Exemptions From Reporting, Compliance Deadlines, Penalties
Recording of a 90-minute premium CLE video webinar with Q&A
This CLE webinar will provide an overview of the Corporate Transparency Act (CTA) and its requirements as they relate to private funds and their sponsors and investment managers. The panel will discuss the CTA's beneficial ownership information (BOI) reporting requirements, what entities are required to report their BOI, entities that are exempt from reporting, information that must be reported, compliance deadlines, and penalties for failing to comply.
Outline
- CTA overview
- Entities subject to the CTA's BOI reporting rule
- Purpose of the BOI rule and applicable effective dates
- Compliance requirements
- Information that must be reported
- Penalties for noncompliance
- CTA's impact on private funds and investment managers
- Relevant exemptions to the BOI reporting requirements for private funds and investment managers
- Analyzing facts and circumstances of a private fund's structure to determine if the entity is required to report BOI or if an exemption applies
- Steps private funds and investment managers must have in place to ensure compliance with the CTA's BOI reporting rule
- Key takeaways
Benefits
The panel will review these and other key considerations:
- What is the BOI reporting rule under the CTA and what is its purpose?
- What entities are subject to the BOI rule and what are the compliance requirements?
- How does the CTA's BOI rule impact private funds and investment managers?
- What should private funds and their managers do to ensure compliance with the CTA's BOI requirements?
- What are the penalties for failing to comply with the reporting requirements?
Faculty
Cassandra W. Borchers
Partner
Thompson Hine
Ms. Borchers counsels clients on regulatory and compliance matters including all aspects of federal and state... | Read More
Ms. Borchers counsels clients on regulatory and compliance matters including all aspects of federal and state securities law and related issues, such as registration, regulatory reporting, private fund and mutual fund matters. Her practice focuses primarily on securities, finance and venture capital, mergers and acquisitions, corporate representation and governance matters, and all aspects of counseling emerging companies. She assists private and public companies, including mutual funds, in securities offerings, private equity issues, formation, and mergers and acquisitions. She has represented both issuing companies and investors in a large variety of transactions and securities offerings.
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Elanit Snow
Senior Counsel
Proskauer Rose
Ms. Snow represents financial institutions, hedge funds, private equity funds and multinational corporations on complex... | Read More
Ms. Snow represents financial institutions, hedge funds, private equity funds and multinational corporations on complex over-the-counter derivatives and other synthetic financing transactions and secondary market and distressed debt trading. She represents clients in structuring and negotiating ISDA, MRA, GMRA, MSFTA, clearing, prime brokerage and other related documentation. Ms. Snow advises clients on structuring bespoke transactions to gain synthetic leverage or to hedge exposure to key market risks. She also advises clients on the legal, compliance and regulatory requirements of the Dodd-Frank Act applicable to derivatives transactions. Ms. Snow represents both buyers and sellers on a diverse range of transactions involving syndicated loans, bankruptcy claims and other distressed and illiquid assets.
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