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Buyout shops move to kill registration requirement

Private equity firms are making a last-ditch bid to halt having to register with the SEC

Private equity firms are making a last-ditch bid to halt a registration requirement in the Dodd-Frank financial regulation law.

Under the legislation, investment firms - including hedge funds and private equity firms managing more than $150m (€104m) are required to register with the Securities and Exchange Commission. Information to be collected will assist the Financial Stability Oversight Council in its assessment of systemic risk in the US financial system.

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