SEC to Vote on Hedge Fund, Other Private Fund Advisers’ Reporting

The Securities and Exchange Commission will meet Wednesday, October 26, to consider whether to adopt a rule requiring advisers to hedge funds and other private funds to report information for use by the Financial Stability Oversight Council in monitoring risk to the U.S. financial system.

“Under the version of the rule proposed by the SEC on Jan. 26,” Bloomberg reports (“SEC to Weigh Hedge Fund Rule on Systemic Risk Data Analysis”), “firms managing more than $1 billion would have to file quarterly information on fund assets, leverage, investment positions, valuation and trading practices on a new Form PF. That added oversight would also come with routine inspections.” Form PF information would not be made public.

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