SEC chair Paul Atkins wants to limit data private fund advisors must report.  
The deadline for new reporting rules is pushed from June 12 to October 1.  
Smaller data collection could benefit hedge funds and private equity firms.  
Atkins questions if Trump-era data use justifies the heavy burden.  
He’s reviewing expanded reporting requirements under ex-chair Gary Gensler.  
Funds faced tech challenges ahead of the original deadline.  
Many hadn’t even started submitting new data yet.

Wow, this is fantastic news! 
The SEC is easing reporting requirements, 
giving funds more time and potentially reducing burdens. 
Such a relief!