Listed below are a book and Debevoise & Plimpton Client Updates published since our last issue of this publication that are most relevant to the private equity industry. For Client Alerts, click on any link below or go to www.debevoise.com.

Private Equity Funds: Key Business, Legal and Tax Issues 
2015

BE-10 Reporting by U.S. Persons Regarding Non-U.S. Business Holdings
13 May 2015
Jonathan Adler, Gregory V. Gooding, Michael P. Harrell, Satish M. Kini, Dmitriy A. Tartakovskiy

SEC Issues Cybersecurity Guidance for Registered Investment Advisers and Funds
7 May 2015
Jeremy Feigelson, Jim Pastore, Christopher S. Ford, Kenneth J. Berman, Jeffrey P. Cunard, Robert B. Kaplan, David A. O'Neil

SEC Brings First-of-Its-Kind Action for Confidentiality Agreement that Discourages Whistleblowing
6 April 2015
Jyotin Hamid, Mary Beth Hogan, Jonathan R. Tuttle, Ada Fernandez Johnson, Ryan M. Kusmin

U.S. Authorizes Cyber Sanctions, Recommends Tech Companies Adopt Compliance Programs
6 April 2015
Jeremy Feigelson, Satish M. Kini, David A. O'Neil, Carl Micarelli, Jim Pastore, Robert T. Dura, Veronica R. Glick

SEC Staff Provides No-Action Relief from Custody Rule for Principals-Only Funds
31 March 2015
Jonathan Adler, Kenneth J. Berman, Jordan C. Murray, Rebecca F. Silberstein, Gregory T. Larkin, Jaime Doninger Schechter

More UK Tax? Additional Guidance on the Disguised Investment Management Fee Rules
26 March 2015
Richard Ward, Ceinwen Rees

Are Your Carry and Co-Investment Returns Safe from UK Income Tax? (Sadly, Your Management Fee Probably Isn’t.)
25 March 2015
Richard Ward, Ceinwen Rees

New German Investment Regulation Adopted
16 March 2015
Michael P. Harrell, Geoffrey Kittredge, Sally Gibson, Dr. Peter Wand

Volcker Rule FAQ Expands Ability of Non-U.S. Banks to Invest in Private Funds
2 March 2015
Jonathan Adler, Andrew M. Ahern, Kenneth J. Berman, Erica Berthou, Sherri G. Caplan, Michael P. Harrell, Satish M. Kini, Geoffrey Kittredge, Gregory J. Lyons, Jordan C. Murray, Andrew M. Ostrognai, David J. Schwartz, Rebecca F. Silberstein, Gregory T. Larkin, David L. Portilla

What Will the “Eyes and Ears” of the SEC Choose to See and Hear this Year? OCIE Announces Examination Priorities for 2015
4 February 2015
Kenneth J. Berman, Michael P. Harrell, Gregory T. Larkin

FSOC Gets Curious: Are Asset Managers’ Products and Activities Creating Systemic Risk?
8 January 2015
Kenneth J. Berman, Michael P. Harrell, Satish M. Kini, Gregory J. Lyons, Gregory T. Larkin, David L. Portilla

Reminder - Periodic Filing, Notice and Reporting Requirements for Private Equity Funds
29 December 2014
Jonathan Adler, Andrew M. Ahern, Kenneth J. Berman, Erica Berthou, Jennifer J. Burleigh, Sherri G. Caplan, Michael P. Harrell, Satish M. Kini, Geoffrey Kittredge, Jonathan F. Lewis, Anthony McWhirter, Jordan C. Murray, Andrew M. Ostrognai, David J. Schwartz, Rebecca F. Silberstein, Steven J. Slutzky, Gavin Anderson, Anne C. Meyer, Gary E. Murphy, Sally Gibson, Gregory T. Larkin

Planning for the Worst: The SEC Plans New Regulations for the Asset Management Industry
19 December 2014
Jonathan Adler, Kenneth J. Berman, Erica Berthou, Satish M. Kini, Jordan C. Murray, Gregory T. Larkin, David L. Portilla

Federal Reserve Board Extends Volcker Rule Conformance Period for Covered Funds
18 December 2014
Satish M. Kini, Gregory J. Lyons, Lee A. Schneider, Gregory T. Larkin, David L. Portilla, Samuel E. Proctor

UK Tax on Management Fees, Co-Invest and Carry: Is Anything Safe?
15 December 2014
Richard Ward, Ceinwen Rees

Regulators Clarify Leveraged Lending Guidance
11 November 2014
David A. Brittenham, Jeffrey E. Ross, Satish M. Kini, Christopher Rosekrans

Expense Allocation: The SEC Brings Down the Hammer
26 September 2014
Kenneth J. Berman, Erica Berthou, Michael P. Harrell, Geoffrey Kittredge, Jordan C. Murray, Gregory T. Larkin, Jaime Doninger Schechter

U.S. Treasury Department Tries to Curtail Inversion Transactions
23 September 2014
Gary M. Friedman, Matthew D. Saronson, Peter F.G. Schuur, Munir Zilanawala