The US SEC and CFTC have proposed easing disclosure requirements for the $26tn private funds industry, in a joint move that would significantly narrow the scope of Biden-era reporting rules for hedge funds, private equity firms and other large asset managers, according to a report by Reuters.
The regulators said the revisions are intended to reduce compliance burdens while still ensuring regulators receive “necessary and appropriate” data on systemic risk exposure.
The original 2024 framework re...
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