SEC Implements Stricter Disclosure Rules for Private and Hedge Funds
The US Securities and Exchange Commission (SEC) has approved a new rule that will require private funds to disclose more information about their investments and potential conflicts of interest. The rule aims to increase transparency and improve investor protection. Private funds will have to disclose information about their borrowing practices, valuation methods, and any potential conflicts of interest involving their managers. The new rule will come into effect in 2022.