SEC Chair Paul Atkins Highlights Deregulation Progress in First-Year Review
Securities and Exchange Commission Chair Paul S. Atkins marked his first year at the agency's helm by emphasizing deregulation efforts over rulemaking. Speaking at The Economic Club of Washington, Atkins framed success through the removal of "unnecessary" rules rather than new implementations.
The SEC raised reporting thresholds for private fund advisers from $150 million to $1 billion, significantly reducing compliance burdens. Atkins' A-C-T (Advance, Clarify, Transform) strategy aims to refocus the agency on capital formation rather than market obstruction.
A joint proposal with the CFTC seeks to slash Form PF reporting requirements for private funds. "We're delivering the minimum dose of regulation needed," Atkins told business leaders, signaling continued restraint in market oversight.
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