(Reuters) – Private equity funds and hedge funds would face more oversight under a provision that U.S. lawmakers on Tuesday included in the final version of a financial-regulation bill.
U.S. lawmakers tasked with merging House and Senate versions of the financial-regulation bill agreed to require private equity fund advisers to register with the Securities and Exchange Commission.
The provision also would require hedge fund advisers to register with the SEC in order to give federal regulators a window into their activities.
It also would require more oversight for hedge funds and private equity funds that have more than $150 million in assets. Venture capital funds would continue to be exempt.