FSA and SEC discuss common regulatory approaches for hedge funds

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UK/US - The Financial Services Authority and the US Securities and Exchange Commission are discussing approaches to reporting and other regulatory requirements for hedge funds and their advisers, the respective heads of the two organisations said.

FSA chief executive Hector Sants and SEC chairman Mary Schapiro said they agreed to identify a "common, coherent set of data" to collect from hedge fund advisers and managers to help the SEC and FS...

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