US Regulators Approve New Reporting Rules for Private Funds and Investment Advisers
New Reporting Requirements for Private Funds and Investment Advisers Approved by U.S. Regulators
Two of the United States’ top markets regulators announced on Thursday that they have jointly approved new reporting requirements for private funds and investment advisers. The new regulations are designed to enhance the government’s ability to identify and monitor potential risks in the financial system, ultimately aiming to protect investors.
Regulators to Share Information on Private Funds
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have also agreed to share information collected on firms filed by private funds. This collaboration is intended to improve regulators’ understanding of the private funds industry and the potential systemic risk it poses to the financial system and its individual participants.
Enhancing Regulators’ Understanding of the Private Funds Industry
SEC Chair Gary Gensler stated that the changes will enhance regulators’ understanding of the private funds industry and the potential systemic risk posed by the industry and its individual participants. This move highlights the commitment to improving oversight and protection for investors within the private funds industry.
