Global Financial Strategy - SEC brings in hedge funds registration

Global Financial Strategy

Search the site >>Advanced search

First for financial regulatory news and views

SEC brings in hedge funds registration

Thursday 23 June 2011 – by Nicola York

US hedge fund advisers that previously operated “under the radar” will now have to register with the Securities and Exchange Commission after new rules were brought in on Wednesday.

Setting out the rules, SEC chairman Mary Schapiro said they will “fill a key gap in the regulatory landscape” by implementing core provisions of the Dodd Frank Act.

The rules establish reporting requirements for certain advisers and reallocated regulatory responsibility for investment advisers to hedge funds and other private funds between the SEC and states.

There is a transitional exemption period so that those private advisers – including hedge fund and private equity fund advisers – who are now required to register have until 30 March 2012 to do so.

Rules around exemptions for venture capital fund and certain private fund advisers are effective 21 July 2011.

Related articles:

SEC urged to lay off transparency reqs

Global hedge fund assets rise 13%

SEC to delay asset manager deadlines

Offshore hedge bosses ‘missed dangers’

Schapiro said: “In particular, our proposal will give the Commission, and the public, insight into hedge fund and other private fund managers who previously conducted their work under the radar and outside the vision of regulators.”

Send us your thoughts (in strict confidence) or submit an article in response:
Email: [email protected]

WHAT DO YOU THINK?

Name:

Email:

Comment:

Post as	Anonymous
	Display name

Please, enter security code

No comments yet.

Login	Register	Most read	Most commented
Username Password >> Remember me >> Forgotten your password? >> Sign Up GFS is pleased to offer you a two-week free trial. You will receive a daily email bulletin of the latest regulatory news and analysis and a weekly email round-up. Please complete the free trial form. You will also receive full access to our online site.

EDITOR’S CHOICE

INTERVIEWS & FEATURES

STRAW POLL

Will markets in 2012 have a tougher time than 2011?

FIND A REGION world regions