Financial Times FT.com

Mixed reactions to SEC security proposal

By Deborah Brewster in New York

Published: September 13 2004 20:12 | Last updated: September 13 2004 20:12

The public comment period ends on Wednesday for the Securities and Exchange Commission's controversial plan to require hedge fund manager registration. The outcome is still uncertain.

To date, about 60 comments have been received, with no strong trend in favour or against the plan. However, many organisations opposed to the idea, such as hedge fund trade group the Managed Funds Association, have not submitted views, instead asking for a 45-day extension of the comment period a request that has been denied.

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