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Tags: SEC | Rules | Oversight | Funds

SEC Preparing New Rules to Boost Oversight of Funds: WSJ

Monday, 08 September 2014 09:20 AM

The U.S. Securities and Exchange Commission (SEC) is preparing new rules to boost oversight of mutual funds and hedge funds as part of an effort to gain insight into whether the asset management industry poses risks to the financial system, The Wall Street Journal reported, citing people familiar with the discussions.

The SEC is in the early stages of developing rules that would require asset managers such as Fidelity Investments and BlackRock Inc. to give regulators more information about their portfolios and conduct stress tests on their funds to determine how they would weather economic shocks, the WSJ reported.

Among the SEC's concerns is some mutual funds' use of derivatives to boost returns, the Journal reported.

The SEC was not immediately available for comment outside regular U.S. business hours.

Reuters reported last week that the SEC, which 18 months ago began a review of fees paid among mutual fund advisers, fund companies and the brokerage firms that sell the funds, has uncovered a complex geometry of payments that may lead to sales of certain funds at the expense of others and is not clearly disclosed under regulators' current requirements.

© 2021 Thomson/Reuters. All rights reserved.


Finance
The U.S. Securities and Exchange Commission (SEC) is preparing new rules to boost oversight of mutual funds and hedge funds as part of an effort to gain insight into whether the asset management industry poses risks to the financial system, The Wall Street Journal reported,...
SEC, Rules, Oversight, Funds
189
2014-20-08
Monday, 08 September 2014 09:20 AM
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