美国对冲基金规制的演变

Development of Hedge Fund Regulation in the United States

对冲基金监管在美国经历了很长的发展过程。美国证券交易委员会(SEC)长期以来一直试图加强对对冲基金的监管,即使在相关措施被判违法之后也没有放弃这种努力。新通过的《多德-弗兰克华尔街改革及消费者保护法》认可了美国证券交易委员会的努力,要求一定规模的对冲基金顾问在证券交易委员会登记,赋予证券交易委员会可以要求基金顾问提交报告及相关材料的权限。这对于加强对冲基金的监管具有重要意义。

Hedge fund regulations in the United States have a long history. For a long time, SEC has tried to strengthen the regulation for hedge funds. Dodd - Frank Wall Street Reform and Consumer Protection Act recognized the efforts of the se- curities, request the registration in SEC, and authorize a requirement to fund adviser for reports about the materials of hedge fund. It is very important for the regulation to hedge fund.