Reported 1 day ago
U.S. regulators have postponed the implementation of new data reporting requirements for investment advisers to private funds, just one day before they were set to take effect. The delay, approved by the SEC and CFTC, aims to allow more time for dialogue with filers and to assess the reasonableness of data demands. Private funds have raised concerns about the necessity and cost of the new rules, which are designed to improve oversight of the growing private markets.
Source: YAHOO