SEC Unveils Reforms for Private Fund Advisers
Intelligize Blog
AUGUST 29, 2023
Private fund advisers have long enjoyed a light touch from U.S. regulatory authorities. However, the Securities and Exchange Commission is moving to ensure those days come to an end. The SEC announced on August 23 that it adopted new reforms aimed at ramping up transparency in the market for private funds. Going forward, private fund advisers registered with the SEC must provide quarterly statements disclosing metrics such as fees, expenses and performance.
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