{"id":48420,"date":"2015-05-21T08:38:45","date_gmt":"2015-05-21T12:38:45","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=48420"},"modified":"2015-05-21T08:55:18","modified_gmt":"2015-05-21T12:55:18","slug":"sec-wants-new-hedge-fund-reporting-procedures-transparancy","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2015\/sec-wants-new-hedge-fund-reporting-procedures-transparancy.html","title":{"rendered":"SEC Wants New Hedge Fund Reporting Procedures For Derivatives"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2015\/04\/sec-cracks-down-secondary-markets.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-47528\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2015\/04\/sec-cracks-down-secondary-markets.jpg\" alt=\"sec-cracks-down-secondary-markets\" width=\"330\" height=\"211\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2015\/04\/sec-cracks-down-secondary-markets.jpg 330w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2015\/04\/sec-cracks-down-secondary-markets-300x192.jpg 300w\" sizes=\"auto, (max-width: 330px) 100vw, 330px\" \/><\/a>New York (HedgeCo.Net) &#8211; A new monthly portfolio reporting form, Form N-PORT, would require registered funds other than money market funds to provide portfolio-wide and position-level holdings data to the Commission on a monthly basis, the SEC has <a href=\"http:\/\/www.sec.gov\/news\/pressrelease\/2015-95.html\" target=\"_blank\">proposed<\/a>.<\/p>\n<p>Registered investment companies would also be asked to provide shareholder reports by making them accessible on their website, as well as the funds\u2019 quarterly portfolio holdings for the past year. \u00a0The SEC&#8217;s proposed rules, forms and amendments are an attempt to modernize and enhance the reporting and disclosure of information by investment companies and investment advisers.<\/p>\n<p>The Form N-PORT\u00a0would require monthly reporting of the fund\u2019s investments, including:<\/p>\n<ul>\n<li>Data related to the pricing of portfolio securities.<\/li>\n<li>Information regarding repurchase agreements, securities lending activities, and counterparty exposures.<\/li>\n<li>Terms of derivatives contracts.<\/li>\n<li>Discrete portfolio level and position level risk measures to better understand fund exposure to changes in market conditions.<\/li>\n<\/ul>\n<p>Information contained on reports for the last month of each fund\u2019s fiscal quarter would be available to the public.<\/p>\n<p>The comment period for the proposed rules will be 60 days after publication in the Federal Register.<\/p>\n<p>The proposed amendments would also require enhanced and standardized disclosures in financial statements that are required in fund registration statements and shareholder reports.<\/p>\n<p>The amendments will include requirements to provide, for example:<\/p>\n<ul>\n<li>Specific information related to derivatives, similar to the information about derivatives that would be required in the proposed monthly portfolio holdings reports. \u00a0Current requirements do not require specific information for many types of derivatives, including swaps, futures, and forwards.<\/li>\n<li>Information in the notes to the financial statements relating to a fund\u2019s securities lending activities.<\/li>\n<\/ul>\n<p>In addition, in order to make fund derivatives holdings easier to review, the proposal would require derivative disclosures to be displayed prominently in the financial statements, rather than in the notes.<\/p>\n<p>Proposed amendments to Investment Advisers Act Rule 204-2 would require advisers to maintain records of the calculation of performance information that is distributed to any person.\u00a0 Currently, advisers are required to maintain performance information that is distributed to 10 or more persons.\u00a0 The proposed amendments also would require advisers to maintain communications related to performance or rate of return of accounts and securities recommendations.<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor\u00a0<a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.Net<\/a>\u00a0is a premier\u00a0<a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\/\">hedge fund database<\/a>\u00a0and community for qualified and accredited investors only. Membership in\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">HedgeCo.net<\/a>\u00a0is FREE and EASY. We also offer FREE LISTINGS for\u00a0<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\/\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; A new monthly portfolio reporting form, Form N-PORT, would require registered funds other than money market funds to provide portfolio-wide and position-level holdings data to the Commission on a monthly basis, the SEC has proposed. Registered [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,3],"tags":[],"class_list":["post-48420","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-regulation","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=48420"}],"version-history":[{"count":9,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48420\/revisions"}],"predecessor-version":[{"id":48430,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/48420\/revisions\/48430"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=48420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=48420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=48420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}