Law360, New York (November 9, 2011, 3:31 PM EST) -- After long battling to avert reforms under Dodd-Frank, private equity firms soon have to face the music and open themselves up to more regulatory scrutiny. Preparing for the change may entail an extensive to-do list establishing controls, policies and reporting mechanisms alien to a fiercely guarded industry, attorneys told Law360.
While the Wall Street reforms provoked a mighty lobbying push that remains far from over, private equity firms need to focus on complying with regulations rather than dismantling the law, attorneys said.
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