Core Points - The SEC has delayed the implementation of new disclosure requirements for investment funds by one year, pushing the compliance deadline to at least October 2026 [1][2][3] - The new obligation involves reporting financial positions during market turmoil using "Form PF," which is already in use for regulatory actions [2][3] - This marks the third delay since February, indicating ongoing challenges in finalizing the disclosure requirements [3] Industry Impact - The Biden administration aimed to enhance oversight of the financial sector through stricter reporting requirements on investments, borrowing, and margin calls [4] - Hedge fund managers argue that the new reporting requirements could result in misleading information about their firms, reflecting concerns over transparency [4][5] - Critics, including financial policy experts, view the delay as a significant concession to hedge funds, potentially leaving regulators uninformed during financial crises [5]