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Capital Markets

March 06 2018
Brian D Hirshberg SEC grants principles-based Section 3(c)(5)(C) relief

USA - Morrison & Foerster LLP

In a recent principles-based grant of relief, the Securities and Exchange Commission (SEC) focused on the business activities of the particular issuer, instead of whether a particular asset is a qualifying asset, in determining the availability of the Section 3(c)(5)(C) exemption. Mortgage real estate investment trusts should consider obtaining confirmation from the SEC regarding their own particular business activities in order to avoid any potential future uncertainty.

Author: Brian D Hirshberg
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Recent updates

Anna T Pinedo SEC budget highlights capital formation and small business capital formation

USA - Morrison & Foerster LLP

Author: Anna T Pinedo

Upcoming event

IBA - 19th Annual International Conference on Private Investment Funds

March 11-13 2018 – London, England

Now in its 19th year, this leading conference brings together top legal, business and fund professionals from around the globe to analyse the current market and future of private investment funds, the prospect of changes and updates to regulatory and tax regimes, among other timely topics.

For more details go to: