The SEC adopted amendments to two rules Wednesday, May 3, changes designed to increase transparency in reporting required of large hedge fund advisers, private-equity fund advisers and public company issuers.
The first amendments to Form PF will affect large hedge fund advisers and private-equity fund advisers. Among other things, advisers now must report, before regular reporting periods, certain events of “significant stress” that could pose systemic risk.
On the public side, amendments adopted Wednesday related to the modernization of disclosure requirements for the repurchase of an issuer’s equity securities — more commonly known as “clawbacks” — will require issuers to disclose daily quantitative information. Learn more.