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Investing.com -- The U.S. Securities and Exchange Commission voted 3-1 on Wednesday to extend the deadline for private investment funds to comply with enhanced disclosure regulations.
This marks the second extension of the compliance timeline for these Biden-era rules, which were approved jointly by the SEC and the Commodity Futures Trading Commission last year.
The regulations require private funds and investment advisers to confidentially report their exposures to investments, counterparties, currencies, countries, and specific industries to regulators. These disclosures are intended to help authorities identify potential risk accumulation in the $24 trillion private investment sector.
Under the new timeline, private funds and advisers now have until October 1, 2026, to comply with the requirements. SEC officials stated during a public meeting that this extension will provide the commission with time to develop potential modifications to make the regulations less burdensome.
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