IOSCO seeks views on hedge funds
09 Mar 2006
The Technical Committee of the International Organization of Securities Commissions (IOSCO) has released a Consultation Report on The Regulatory Environment for Hedge Funds (PDF 383k).
The report presents the results of a survey of 20 IOSCO member jurisdictions on various aspects of hedge funds, including prevalence and size, investment strategies, definitions, registration, disclosure, advertising, reporting, examination, and disciplinary actions. In the areas of disclosure and reporting, the questionnaire asked about:
- Disclosure: Whether an offering memorandum and minimum disclosure must be provided to retail investors; whether hedge funds must disclose investment limits, leverage, etc.; and whether warnings are required.
- Reporting Requirements: Periodic and annual reporting and disclosure requirements regarding investment performance and underlying investments; and valuation issues.