U.S. regulators have postponed the start date for new reporting rules that require investment advisers to private funds to share more data with authorities. The rules were set to begin Thursday but have now been delayed until October 1, 2025.
The Securities and Exchange Commission (SEC) voted 3-1 on Wednesday to extend the deadline. The Commodity Futures Trading Commission (CFTC) also agreed to the delay.
This marks the second time the deadline has been pushed back since the rules were adopted in February 2024.
The new rules aim to help regulators better spot risks in private markets, which have grown significantly in recent years. Advisers must report events signaling major stress within 72 hours. This information will be shared with the Financial Stability Oversight Council, which monitors risks to the U.S. financial system.
SEC Chairman Paul Atkins said more time is needed to discuss the data requirements and evaluate their usefulness. Private fund firms have argued the rules are costly and unnecessary.
Democratic SEC Commissioner Caroline Crenshaw emphasized the importance of the data to understand risks in private markets, which are less regulated than public markets.
The delay comes amid ongoing efforts by federal agencies to ease regulations under President Donald Trump’s administration.
YOU MAY ALSO LIKE:
