registered advisers

SEC Proposed Rule on Systemic Risk Reporting

On January 26, the SEC proposed a rule that would implement Sections 404 and 406 of the Dodd-Frank Act by requiring registered advisers to hedge funds and other private funds to periodically report information to the Financial Stability Oversight Counsel to use in monitoring risk to the U.S. financial system. Comments to the proposed rule must be submitted within 60 days of publication in the Federal Register. SEC Release.