SEC to Push Private Equity Firms for More Robust Fee Disclosures
- Agency plans to take up private fund adviser rules on Feb. 9
- SEC’s Gensler has urged more transparency for client charges
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Private equity firms would be required to provide expansive disclosures about the fees shouldered by investors under rules set to be considered by the U.S. Securities and Exchange Commission, according to people familiar with the matter.
The changes, which the regulator plans to propose next week, would force the companies to disclose specific expenses they pass on to clients. The rule would also address how frequently firms are required to provide the information, one person said.