SEC Seeks Public Feedback On Financial Reform Initiatives
July 28, 2010
• Stephen Taub
Now that President Obama passed The Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC must undertake a number of rulemaking initiatives and studies. So, on Tuesday the regulator invited the public to submit comments on a wide variety of areas.
The SEC is seeking the publics views even before official comment periods are opened. It plans to post all submissions on its Website. Among them are a handful of provisions that impact hedge funds, private equity funds and other private partnerships.
They include:
Systemic Risk Reporting.
Law firm King & Spaulding points out that the SEC must make available to the Financial Stability Oversight Council all information regarding private funds filed with or provided to the SEC as the Financial Stability Oversight Council determines necessary to assess systemic risk. ....