Law360, New York (October 31, 2005, 12:00 AM ET) -- Facing budget constraints, the U.S. Securities and Exchange Commission is considering easing an imminent hedge fund regulation, only months before it is scheduled to begin stemming a tide of irregularities.
The agency's current regulation, scheduled to take effect in February 2006, will require hedge fund managers with more than $25 million in assets to register with the SEC. However, that limit may double to $50 million in assets, exempting approximately 1,000 managers from the reporting requirements, according to Florence Lombard, the executive director of global trade...
SEC May Relax New '06 Hedge Fund Regulation
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