Jon-Luc Dupuy

Practice Areas

Jon-Luc Dupuy is a partner and a member of the Asset Management and Investment Funds practice group.

With 25 years of experience in the asset management industry, Jon-Luc has a deep understanding of the regulation and operation of registered funds, investment advisers, and fund distributors.

He has significant experience advising asset managers on regulatory and transactional matters including, the organization and operation of open-end investment companies, closed-end investment companies (including interval and tender offer funds), exchange-traded funds (ETFs), money market funds, and business development companies (BDCs).

He counsels clients on a wide range of regulatory, compliance, transactional, and operational matters including:

Fund organization, registration, regulatory filings, examinations, and compliance;

Corporate acquisitions and transactional matters such as fund and adviser reorganizations and change of control matters, and fund adoption transactions; and

Matters related to trading practices, affiliated transaction issues, valuation, swing pricing, asset custody, proxy voting matters, SEC exemptive applications, and no-action letter requests.

Jon-Luc has significant experience with money market funds that operate in accordance with Rule 2a-7 under the Investment Company Act. Over the years, he has helped clients implement changes to their products and policies in response to reforms adopted to Rule 2a-7. He is also a frequent author and speaker on all matters related to money market funds.

Jon-Luc also has broad knowledge of laws regulating BDCs and regularly counsels clients on the organization, structuring, compliance, and operation of these investment products.

He has also advised insurance companies on securities law issues relating to variable annuities, variable life insurance, and separate accounts.

Jon-Luc is a frequent contributor to the firm's thought leadership, co-authoring our ESG and the Sustainable Economy Handbook (updated quarterly), and various blogs on SEC regulatory matters. He also contributes annually to our Asset Management Regulatory Year in Review.

Professional Memberships

Old Gold Rugby Football Club, Boston, MA

Publications

“How SEC Money Market Fund Reform Diverges From Proposal,” Law360, 7 August 2023

“Tailored Shareholder Reports,” The Investment Lawyer, January 2023

“Everyone Has an Opinion: Comments on Proposed ESG and Names Rule Reforms and Forecasting the Final Rules,” The Investment Lawyer, November 2022

“What To Know About SEC Shareholder Disclosure Reforms,” Law360, 28 October 2022

"Considerations When Drafting an ESG 80% Policy," IAA Today (Investment Adviser Association), 14 February 2022

"SEC proposes swing pricing for institutional money market funds," Thomson Reuters WestLaw Today, 25 January 2022

Education