Reuters
US SEC to propose new rule that strengthens hedge, private fund leverage disclosures – source
WASHINGTON (Reuters) – The US Securities and Exchange Commission (SEC) will propose new rules on Wednesday aimed at strengthening disclosures by hedge and private funds, among other details, according to a source familiar with the thinking. of the agency. The Wall Street regulator’s proposal would require funds to provide more information on leverage as part of their confidential “Form-PF” disclosures, the person said, adding that the proposal would also apply to funds of advisers operating as investors and traders under Commodity Futures Trading Commission rules, the person said. The proposal is part of a broader effort by the SEC to boost transparency of the private equity fund industry amid concern that the industry is a growing source of systemic risk, and follows a draft rule in January that strengthened other disclosures of Form PF.