Release Date: August 26, 2016
Contact: Liz Pierce, 212-313-1173, [email protected] 

SIFMA AMG Statement on SEC Rule Amendments for Reporting and Disclosure by Investment Advisers  

Washington, D.C., August 26, 2016–SIFMA’s Asset Management Group (SIFMA AMG) today released the following statement from Timothy Cameron, managing director and head of SIFMA AMG, after the Securities and Exchange Commission (SEC) announced new reporting and disclosure requirements for investment advisers:  

“SIFMA AMG supports the SEC’s goal of enhancing investor protection by improving the information that is provided to the SEC by asset managers, and we appreciate the SEC’s efforts to address the concerns we raised in our comment letter. We look forward to assisting our members and the SEC as the industry works toward implementation.  We also note that as this rulemaking is just one part of the SEC’s broader initiative to update and enhance the rules governing asset managers, SIFMA AMG remains committed to working with the SEC on an ongoing basis to help ensure the full mosaic of rulemakings are balanced, effective and efficient.”  

SIFMA AMG members represent U.S. asset management firms whose combined assets under management exceed $30 trillion.  The clients of AMG member firms include, among others, registered investment companies, endowments, state and local government pension funds, private sector Employee Retirement Income Security Act of 1974 (“ERISA”) pension funds, and private funds such as hedge funds and private equity funds.