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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-02-09T14:06:00
Large hedge fund advisers will be required to disclose more information on their investment strategies, investment exposure, operations, and more as part of a rule change jointly adopted by the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
On Thursday, the agencies each announced approved amendments to Form PF designed to enhance their oversight of the private fund industry. The rule changes seek to address “gaps” identified by the agencies and the Financial Stability Oversight Council (FSOC) regarding information received from private fund advisers in current disclosures.
“These amendments to Form PF will enhance the commissions’ and FSOC’s understanding of the private fund industry, as well the potential systemic risk posed by the industry and its individual participants,” said SEC Chair Gary Gensler in a press release.
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News and analysis for the well-informed compliance or audit exec.
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2024-05-13T19:26:00Z By Aaron Nicodemus
A new report by the Financial Stability Oversight Council recommended state regulators and Congress take steps to minimize “significant liquidity risk” posed by the nonbank mortgage servicing industry.
2024-03-04T17:27:00Z By Jeff Dale
New York-based investment adviser HG Vora Capital Management agreed to pay $950,000 to settle charges levied by the Securities and Exchange Commission alleging failure to report beneficial ownership regarding its stake at trucking transport company Ryder System.
2023-09-18T13:45:00Z By Aaron Nicodemus
A lawsuit filed by industry groups alleging the Securities and Exchange Commission overstepped its authority when it passed new rules for private fund advisers is unlikely to stop their implementation, according to experts.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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