SEC May Relax New '06 Hedge Fund Regulation

Law360, New York (October 31, 2005, 12:00 AM EST) -- 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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.