The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have jointly sought public comments to amend crypto rules for large hedge funds advisers.
See related article: New US crypto bill seeks to make CFTC top Bitcoin, Ethereum watchdog
- The CFTC and SEC are jointly proposing to amend the rules of Form PF, which is a confidential reporting form for certain SEC-registered investment advisers to private funds.
- The deadline to receive comments is Oct. 11.
- The amendments are expected to improve the Financial Stability Oversight Council’s capacity to monitor systemic risk.
- It is also expected to strengthen the SEC’s supervision over private fund advisers and efforts to ensure investor protection.
- “We also are soliciting comment on the proposed rules and a number of alternatives, including whether certain possible changes to the proposal should apply to Form ADV,” the CFTC and SEC said.
- The CFTC and SEC are independent agencies of the U.S. government. While CFTC regulates the derivatives markets, the SEC watches over market manipulation.
See related article: Is the CFTC expanding its powers over crypto without authorization from Congress?