SEC Locks In New Private Fund Reporting Rules

Law360, New York (October 26, 2011, 1:52 PM EDT) -- The U.S. Securities and Exchange Commission on Wednesday unanimously approved rules requiring hedge funds and private equity funds to turn over sensitive financial information to regulators, although the rule will limit the most stringent reporting requirements to only the largest funds.

In a 4-0 vote, the SEC approved a final rule that will require hedge funds and other private funds deemed to be systemically significant to file quarterly reports, known as Form PF, outlining their exposures to risks that could bring them down beginning as early...
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