Managed Funds Association Pushes SEC for Regulatory Changes 

United States: The Managed Funds Association recommended through a letter to acting SEC Chair Mark Uyeda that the agency should either modify or eliminate the set of rules adopted during the previous four years. 

The group submitted their suggestions about Treasury trade mandates as well as fund disclosure rules through a letter directed to SEC acting chair Mark Uyeda, who Trump chose for his position, as reported by Reuters. 

These ten recommendations, according to the MFA, would “reduce costs and burdens on market participants and improve the efficiency of the financial markets.” 

Industry Pushback on Treasury Market Rules 

The MFA takes action while private fund groups successfully secure judicial wins against SEC rules adopted under Gary Gensler’s chairmanship in 2023. 

Before advancing the key reform, a waiver from the regulator has been requested to develop market infrastructure. The reform was introduced by the SEC in 2023 to reduce the $28.5 trillion Treasuries market’s systemic risk through clearing house requirements. 

The Securities and Exchange Commission recently pushed back the new guidelines affecting Treasury cash and repo transactions by one year due to trade association recommendations. Implementation of these rules will start in phases during June 2026. 

MFA did not specify a new timeframe but suggested that the SEC should wait to enforce Treasury clearing until core market infrastructure reaches maturity, including central clearing access alongside cross-margining implementation. 

Call for Revisions to Fund Reporting Requirements 

According to the fund industry group, the SEC should review the upcoming “Form PF rule” update from 2023 because it requires funds to report critical events that signal systemic risk and investor danger, like margin calls or counterparty defaults, within 72 hours after they happen. 

The private funds sector engages in court battles with the SEC over short selling and securities loan transparency rules while requesting SEC reductions for the reporting demands. Investors profit from buying and selling stocks through short-selling strategies because the security prices decline, as reported by Reuters. 

SEC Guidance Requested on Digital Asset Securities 

The MFA requested the SEC to establish guidelines for digital asset securities while also providing specific rules protecting private funds from breaking custody requirements when adding these assets to their investments.