Stock Groups

U.S. SEC chair Gensler seeks to scrutinize private fund fee arrangements, side letter provisions -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: U.S. Securities and Exchange Commission chair Gary Gensler appears before the Senate Banking, Housing and Urban Affairs Committee’s oversight hearing regarding SEC, Capitol Hill, Washington, U.S., September 14-21, 2021. REUTERS/Evelyn Hocks

WASHINGTON, (Reuters) – The U.S. Securities and Exchange Commission chair said Tuesday that new regulations will be considered by the commission to scrutinize side letters provisions and private fund fee agreements.

In a keynote speech to the Institutional Limited Partners Association members, Gary Gensler stated that agency rules will aim to reduce conflicts of interest among fund general partners affiliates investors.

Gensler said that he also asked for suggestions from staff regarding improving hedge fund reporting. Gensler indicated that he requested recommendations through Form Private Fund (Form PF). This is required in order to provide regulators with information about private fund advisors.

Disclaimer Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, futures, indexes and Forex. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]