The International Organization of Securities Commissions, of which the U.S. Securities and Exchange Commission and the U.K. Financial Services Authority are members, starting in September will ask hedge funds to provide high-level, bi-annual snapshots of: their stock and bond holdings, geographic and underlying currency exposure, leverage levels, sales and redemptions, investor classifications, primary marketing channels, recent performance, and operations and technology details, including turnover, clearing mechanisms and risk measures.
In addition, they will have to provide details about their business, as well as information on liquidity of assets and use of side pockets. While IOSCO doesn’t have enforcement powers, the regulators that are members agree to comply with its guidance.
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