Private hedge funds win registration delayBy Nancy Watzman Jun 22 2011 1:08 p.m.
Some private hedge funds won't have to register with the U.S. Securities and Exchange Commission (SEC) until next year, winning a delay in a requirement set out in the Dodd-Frank financial overhaul law, reports the Wall Street Journal.
The Dodd-Frank financial overhaul law mandated that certain hedge funds that had been exempt from registering as investment advisers with the SEC would have to file their paperwork by July 21, 2011, the anniversary of the law. The SEC is expected to adopt final rules today setting out the requirements for registration, which would include the delay.
The SEC's proposed rule drew more than 50 comments and meetings with outside parties, largely from industry players. Among the commenters asking for a delay was the Securities Industry and Financial Markets Association (SIFMA), a trade association. SIFMA reported spending $1.3 million on federal lobbying so far this year.
Search the Blog
Real Time Ticker
- Americans for Prosperity takes aim at farm bill
- California billionaire pumps $1 million more into Mass. senate race
- Stealthy super PAC avoids disclosing donors before Mass. special election
- Pesticide industry would benefit from farm bill provisions
- Will Bloomberg's wrath hurt senators who opposed gun bill?
Reporting we're watching
- OpenSecrets: Millionaire Freshmen Make Congress Even Wealthier
- Sunlight Foundation: New G8 Open Data Charter
- Sunlight Foundation: 2Day in #OpenGov 6/18/2013
- Sunlight Foundation: Possible impacts of the Czech political turmoil
- Sunlight Foundation: Announcing a new grant to Sunlight from the John S. and James L. Knight Foundation