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Tag Archives: Legislation

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Establishing the First-of-Its-Kind Regulatory Framework for the Industry through the TEFFI Act

Ben UpdatesBy adminOctober 26, 2021

LEGISLATION
DALLAS — June 15, 2021 — The Kansas TEFFI Act is a gamechanger for our industry as it provides the first unifying regulatory framework for general partners, sponsors, custodians, and transfer agents to better serve a growing pool of alternative asset investors and managers who finance and manage alternative asset holdings.

Derek Fletcher Discusses Kansas TEFFI Law in Private Funds CFO Publication Q&A

Ben UpdatesBy adminOctober 26, 2021

LEGISLATION
DALLAS — June 8, 2021 — The law, called the Technology Enabled Fiduciary Financial Institutions Act, allows for the creation and chartering of trust banks, to be known as TEFFIs, that as fiduciaries, finance alternative assets held in Kansas trusts as well as provide custodial and trustee services in the state.

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