The US Securities and Exchange Commission (SEC) has again extended the deadline for private funds to comply with enhanced disclosure rules, giving the $24tn private investment industry until October 1, 2026, to provide regulators with detailed risk data, Reuters reports.
The decision, passed in a 3-1 vote, marks the second delay in the rollout of Biden-era regulations designed to improve oversight of systemic risk.
Under the rules, developed with the Commodity Futures Trading Commission, private funds and investment advisers must submit confidential reports detailing their exposures to investments, counterparties, currencies, countries, and industry sectors.
Officials said the extension provides additional time for the SEC to consider changes aimed at making the reporting requirements less onerous for fund managers.
The extension highlights ongoing tensions between regulators’ efforts to increase transparency and industry concerns about compliance burdens in private equity, hedge funds, and other private markets.
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