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SEC chair Paul Atkins wants staff to reduce data requirements for private fund advisors. The deadline for new reporting rules is pushed from June 12 to October 1. Limited data collection could benefit hedge funds and PE firms. Atkins questions if Trump-era data use justifies the burden. He ordered a review of expanded reporting under ex-chair Gary Gensler. Funds faced tech challenges ahead of the original deadline. SEC staff noted many hadn’t started submitting data yet.
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