The Knowledge Group
The Knowledge Group

Jesse Kanach, Counsel, Shearman & Sterling LLP, to Speak at KC’s Sweeping Changes to the Credit Rating Provisions of the Investment Company Act Live Webcast

New York, NY, June 03, 2011 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Jesse Kanach, Counsel, Shearman & Sterling LLP, will speak at the Knowledge Congress’ webcast entitled: “Sweeping Changes to the Credit Rating Provisions of the Investment Company Act.” This event is scheduled for July 20, 2011 at 12:00 PM - 2:00 PM ET.

For further details, please visit:
http://knowledgecongress.org/event_2011_Credit_Ratings.html

Event Synopsis:

In the first quarter of 2011, the SEC has proposed to remove references to credit ratings from nationally recognized statistical rating agencies (NRSROs). The proposal calls for the amendments of certain rules and forms under the Investment Company Act. This proposal, if approved, will no doubt change the approach of the financial industry with regard to securities, credit quality standards and other issues related to credit ratings.

The proposal to revise the guidelines governing credit ratings and investments will make structured finance especially challenging. In this live webcast, a panel of thought leaders and key regulators organized by The Knowledge Group will provide an overview to help you understand the most critical elements of the proposal and its potential effects on companies’ investment practices.

About Jesse Kanach

Jesse Kanach is a counsel in Shearman & Sterling's Asset Management Group. He regularly represents a wide range of financial institutions, including registered and private funds and investment advisers, on a variety of regulatory, corporate and transactional matters. His practice ranges from the formation and offering of hedge funds and registered open- and closed-end investment companies, to the representation of independent directors and trustees, to acquisitions of investment advisory firms.

Mr. Kanach represents institutional investors on their investments, including in private equity, hedge, energy and real estate funds, and in negotiating separate account agreements. He advises on various fund structures including onshore and offshore funds, master-feeders, special purpose vehicles and funds of funds. He counsels investment managers on compliance reviews and internal investigations. He frequently advises companies on exceptions from U.S. Investment Company Act registration. Based in Washington, D.C., his focus has included tracking developments in the changing legislative and regulatory framework applicable to the asset management industry.

About Shearman & Sterling LLP

Shearman & Sterling LLP represents many of the world’s leading corporations, financial institutions, emerging growth companies, as well as states and state-owned enterprises. These clients choose Shearman & Sterling for its distinctive ability to leverage the knowledge and judgment of one of the world’s largest and most accomplished cross-border legal teams - a team ideally situated to help clients on their complex business transactions. Nearly one half of the firm’s attorneys practice outside the United States, and its lawyers are fluent in more than 50 languages. The firm’s lawyers practice U.S. English, French, German, Italian and Hong Kong law. Founded in 1873, Shearman & Sterling is organized as a single, integrated partnership with approximately 900 attorneys in 20 offices located throughout the Americas, Asia, Europe and the Middle East.

For more information about Jesse Kanach and Shearman & Sterling LLP please visit: http:// www.shearman.com/.

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Congress was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit: www.knowledgecongress.org.

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The Knowledge Congress
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
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Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
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