Best of the Web – September 2012

During our daily review of all matters regulatory, we
sometimes come across publicly-available pieces from our clients, partners,
competitors, and friends that we think are extremely helpful and well
done.  Usually, these articles provide
in-depth analysis far greater than we can offer in the short-form format that
you receive from us every morning. 
Sometimes, these industry players address issues well outside our
expertise and experience.   We offer
these articles and links in no particular order.  We hope you find these gems as valuable as we
did.

Insights from the Boardroom 2012 Board evolution: Progress made,
yet challenges persist (PWC)

http://www.pwc.com/en_US/us/corporate-governance/annual-corporate-directors-survey/assets/pdf/pwc-annual-corporate-directors-survey.pdf

Changes to Commodity Laws: What Private Equity Firms Need to
Know (Ropes & Gray)

http://m.ropesgray.com/files/Publication/c465a85a-9eb8-4f18-b58e-33cb2603e65b/Presentation/PublicationAttachment/c97500a5-73c9-4a75-aea1-3ea89ab3231a/20120905_PIF_Alert.pdf

How Will SEC and FINRA Advertising Rules Apply to General
Solicitations and Advertising Under Rule 506? (Dechert)

http://www.dechert.com/files/Publication/6bb91180-c34a-4cf2-9eea-5a428d489763/Presentation/PublicationAttachment/8015957e-e148-4933-a764-9f08e4469f11/FS_18_09-12_Advertising_Rules_Under_Rule_506.pdf

N.Y. Attorney General Investigates Private Equity Management
Fee Waivers (Willkie Farr & Gallagher)

http://www.willkie.com/files/tbl_s29Publications/FileUpload5686/4183/NY_Attorney_General_Investigates.pdf

ISDA Publishes Tri-Party IA Notices For The Custody Of
Collateral For OTC Swap Counterparties (Schulte Roth & Zabel)

http://www.srz.com/ISDA_Publishes_Tri-party_IA_Notices/

A Good Offense is the Best Defense: Managing Regulatory
Compliance with GRC (KPMG)

http://www.kpmg.com/US/en/IssuesAndInsights/ArticlesPublications/Documents/managing-regulatory-compliance-grc.pdf

Top 10 Operational Risks (SEI)

http://www.seic.com/enUS/about/10054.htm#1

Planning Your Exit: How to plan ahead for your departure
from your business (Kreischer Miller)

http://www.kmco.com/wp/wp-content/uploads/2012/08/09_2012_Planning-Your-Exit_CFM.pdf

6 Ways To Advertise Your Investment Performance And Not Run
Afoul Of Regulators’ Wrath (MarketCounsel)

http://www.riabiz.com/a/14985251/6-ways-to-advertise-your-investment-performance-and-not-run-afoul-of-regulators-wrath

Private Equity: Evolution of The Operating Model (Ernst
& Young)

http://www.ey.com/Publication/vwLUAssets/Private_equity_evolution_of_the_operating_model/$FILE/PE_evltn_of_oprtng_model.pdf

SEC Proposes Amendments to Permit Advertising in Rule 506
and Rule 144A Offerings (Gibson Dunn)

http://www.gibsondunn.com/publications/Pages/SECProposesAmendments-AdvertisinginRule506-Rule144AOfferings.aspx

The Family Office Model: A Smart Move for the Financial
Advisor? (Rothstein Kass)

http://www.rkco.com/Corporate/Admin/AttachmentFiles/proprietary_research/2012/RothsteinKass_TheFamilyOfficeModelF.pdf