Private Equity Firms Face SEC Registration

Jun 16 2010 | 1:37pm ET

Private equity firms will have to register with the U.S. Securities and Exchange Commission under a compromise between the House of Representatives and Senate.

The conference committee seeking to hammer out the differences between the House and Senate versions of the financial regulation reform bill agreed to impose the requirement on p.e. firms as well as hedge funds.

The bill does exempt both venture capital funds and those firms managing less than $150 million.

Under the terms of the soon-to-be-law, larger hedge funds and private equity firms will have to register with the SEC and provide the regulator with greater disclosure, as well as face regular inspections and audits. They will also have to enact formal compliance policies and hire a compliance officer.

The rules are to come into force, pending final approval by both houses of Congress, next summer.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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