SEC, CFTC Propose Narrowing Hedge Fund Reporting Requirements

Wall Street’s top regulators unveiled a plan on Monday to reduce hedge fund reporting requirements, as officials move to overhaul how much information must be shared with the agencies.

The Commodity Futures Trading Commission and Securities and Exchange Commission jointly proposed eliminating filing requirements for smaller advisers and raising the threshold for all filers from $150 million in private fund assets under management to $1 billion. The agencies use the data collected confidentially under so-called Form PF for examinations and investigations tied to private fund advisers.