Odaily Planet Daily report: The U.S. Securities and Exchange Commission has submitted two proposed rules to the White House Office of Management and Budget, addressing disclosure requirements for the digital assets industry and for hedge funds and private equity funds.
Among these, the digital assets proposal includes an "innovation exemption" mechanism that allows relevant companies to be exempt from registering as regulated entities such as brokers or exchanges for a specified period. Another rule adjusts Form PF, used for disclosing fund performance and risks.
Additionally, SEC Chairman Paul Atkins previously delayed the effective date of the new rules related to Form PF to October 1 and indicated that the SEC will explore ways to reduce disclosure burdens. (Bloomberg)
