The SEC reported that 1,504 advisers to hedge funds and other private funds have registered with the agency since the Dodd-Frank Act mandated such registration. "Prior to the Dodd-Frank Act, regulators only saw a slice of the pie but didn’t know how big the pie was," said SEC Chairman Mary L. Schapiro. "The law enables regulators to better protect investors by providing a more comprehensive view of who’s out there and what they’re doing.#8221; Lofchie Comment: The report provides numbers, with pie charts (in disconcerting colors), as to the number of advisers registered with the SEC, the

As part of its work on the Financial Services Bill, which will fundamentally reform UK financial services regulation when it is passed by Parliament, Her Majesty’s Treasury is seeking comment on a number of secondary measures to underpin the bill. These measures include the allocation of responsibility between the Prudential Regulatory Authority and the Financial Conduct Authority, as well as threshold conditions for persons seeking to become and to remain authorised to perform regulated activities. This consultation will be open for comment until December 24, 2012. HM Treasury is particularly

Further to the upcoming division of the Financial Services Authority into the Financial Conduct Authority and the Prudential Regulation Authority, the FSA has announced that assessments with regards to FSA authorizations for firms that will be regulated by both authorities will be handled by both the Prudential Business Unit and the Conduct Business Unit. The final decision on authorization will be agreed to by both units, and they will be expected to coordinate in order to avoid duplication. The process for submitting applications will not change, and the FSA will endeavor to continue meeting

The Commodity Markets Oversight Coalition (a group of trade organizations that represent commodity end-users and consumers) submitted a joint letter to the CFTC supporting the imposition of commodity speculative position limits. View letter in full here (links externally to PDF).

Further to the regulation on short selling and certain aspects of credit default swaps, which is due to become effective on November 1st, the European Securities and Markets Authority has published an indicative list of thresholds applicable to sovereign issuers for the purposes of notification to competent authorities of significant net short positions in sovereign debt. The finalized thresholds will be published by November 1, 2012. Interested entities that may hold notifiable short positions should check for regular updates of the table. Lofchie Comment: The question for US advisers and