The Securities and Exchange Commission (SEC) passed new amendments requiring advisers to hedge and private funds to disclose events that could indicate systemic risk or investor harm, a move the regulator said will improve transparency within $20 trillion of market activity.
The amendments, announced Wednesday, will require large hedge fund advisers with more than $1.5 billion in assets under management and all private fund advisers to file information in Form PF “upon the occurrence of certain reporting events that could indicate significant stress at a fund or investor harm,” the SEC said in a press release. The disclosures made in Form PF are private and only for use by regulators.
