The document outlines legal and regulatory considerations for Glendower Capital Secondary Opportunities Fund IV, LP, including exemptions from CFTC registration and ERISA considerations for fiduciaries of employee benefit plans. It discusses the fiduciary duties under ERISA, the prudence and diversification requirements, and the implications of plan assets under ERISA regulations.
documents/vol00010-efta01364825-pdf.pdf
{"title":"Certain Legal, ERISA and Tax Considerations","document_type":"legal","document_subtype":"Legal and Regulatory Considerations","key_organizations":["Glendower Capital Secondary Opportunities Fund IV, LP","U.S. Commodity Futures Trading Commission","U.S. Department of Labor"],"reference_numbers":["CFTC Regulation Section 4.13(a)(3)","CFTC Regulation Section 5.1(m)","CFTC Regulation Section 190.01(x)","Section 404 of ERISA","Section 406 of ERISA","Section 4975 of the U.S. Internal Revenue Code of 1986","29 C.F.R. Section 2550.404a-1","Section 3(42) of ERISA"]}