SEC Proposes Amendments To Type PF – Company/Industrial Legislation

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United States:

SEC Proposes Amendments To Type PF

 

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On January 26, 2022, the U.S. Securities and Change Fee
(“SEC“) revealed proposed
amendments to Type PF (“Type PF
Proposal
“), the confidential reporting type for
sure SEC-registered funding advisers to non-public funds. The
Type PF Proposal would, if adopted, materially develop the reporting
obligations relevant to giant hedge fund advisers, non-public fairness
fund advisers and enormous liquidity fund advisers. Particularly, the
Type PF Proposal would (i) require “giant hedge fund
advisers” and “non-public fairness fund advisers” to
submit present stories to the SEC inside 1 enterprise day of the
incidence of sure key triggering occasions; (ii) lower the
threshold for reporting as a “giant non-public fairness
adviser” from $2 billion to $1.5 billion in regulatory belongings
beneath administration attributable to non-public fairness funds; (iii)
require “giant non-public fairness advisers” to report
further data to the SEC concerning the non-public fairness funds
they advise; and (iv) require “giant liquidity fund
advisers” to report further details about the
“liquidity funds” they advise. The acknowledged objective of the
Type PF Proposal is to boost the Monetary Stability Oversight
Counsel’s (“FSOC“) capability
to observe systemic threat, in addition to bolster the SEC’s
regulatory oversight of personal fund advisers and investor
safety efforts.

An outline of the Type PF Proposal and the important thing modifications proposed
therein are set forth under.

Proposed Present Reviews For Massive Hedge Fund
Advisers

The Type PF Proposal would require a big hedge fund adviser in
respect of its qualifying hedge fund purchasers to file a report
inside one (1) enterprise day of the incidence of any of the
following occasions:

Learn the total article right here.

The content material of this text is meant to supply a basic
information to the subject material. Specialist recommendation needs to be sought
about your particular circumstances.

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