The Securities and Exchange Commission is planning rules to force hedge funds and other private funds to register with the agency and to undergo exams, The Wall Street Journal reports. It will also propose rules to increase the threshold for SEC oversight of investment advisers, to $100 million of assets under management from $25 million.

The commission will plan language creating an exemption from registration for venture-capital funds and hedge funds with less than $150 million under management in the U.S. The SEC will also consider proposing rules to set requirements for new data warehouses mandated by the financial overhaul bill.

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