EMPEA plays a leading role in regulatory advocacy by providing guidance to policymakers on international best practices for regulating private capital which supports governments to attract international capital flows by creating a conducive environment for the asset class. Our diverse membership makes it possible to assist in crafting balanced, objective, synchronized and informed industry responses that are welcomed by regulators seeking comment to material policy and regulatory developments, including consultation exercises with governmental and regulatory, NGO and trade bodies. Member law firms and general counsels are often called upon to address the latest trends in terms and conditions in specific geographies or sectors in various EMPEA-led forums, such as EMPEA conferences, Council meetings and executive briefings.
EMPEA also consults with local governments and policymakers on global regulations; catalyzes informed discussions through the organization of programs and dissemination of educational resources; engages with industry stakeholders to open the dialogue on the impact of private equity; works with regulatory bodies to provide guidance on issues that may impede or otherwise affect long-term investment capital; and utilizes its peer market experience to respond to specific Member requests on issues raised by local regulation and policy proposals.
31 March 2017
Executive Summary: We welcome the opportunity to comment on your review of Limited Partnership Law. Limited partnerships are the vehicle of choice for private equity and venture capital funds, and both English and Scottish limited partnerships are commonly used to bring significant economic benefit in emerging markets across the globe.
In summary, it is our view that, if limited partnerships are being used as an enabler of criminal activity, this should be tackled primarily using existing investigative and enforcement powers. Given the significant use of Scottish limited partnerships for legitimate enterprises, we would strongly advocate against increasing regulatory and compliance burdens on limited partnerships. In addition, we have reviewed the response prepared by the British Private Equity & Venture Capital Association (“BVCA”). We support and second that response.
3 July 2016
Executive Summary: We strongly support the proposed amendments and believe that they will support the continued investments of Eligible Investment Funds (“EIF”) operating outside of India, encourage offshore fund managers to consider relocation to India and, thereby, will improve the competitiveness of India as a jurisdiction of choice for (Indian and foreign) private fund managers. In addition, we have reviewed the response prepared by the AZB Partners. We support and second that response.