The US Securities & Exchange Commission has postponed a planned vote on a proposed new rule aimed at protecting the stability of the financial system by detecting risk in the $20 trillion private asset management sector.
The US Securities & Exchange Commission (SEC) has postponed a planned vote on a proposed new rule aimed at protecting the stability of the financial system by detecting risk in the $20 trillion private asset management sector.
If passed, the new rule, which was proposed last year, would require large, private money managers to alert the agency to signs of stress or mounting risk in the assets they handle.
The SEC was due to vote on the Form PF proposal at a meeting on 22 March, but according to an SEC spokesperson, officials decided that text wasn’t quite ready for adoption and it was removed from the agenda.
