The Alternative Investment Management Association’s (AIMA’s) CEO Jack Inglis and global head of Government Affairs, Jiří Król, have written to acting US Securities and Exchange Commission (SEC) chair Mark Uyeda to acknowledge his accession to the head of the the SEC and outline several short-term objectives that would immediately benefit the alternative investment industry and market confidence.
“AIMA has a positive and productive relationship with Mark Uyeda during his tenure as an SEC commissioner, including hosting him at the Asia-Pacific forum in October 2024, and we look forward to continuing a constructive dialogue,” the association said in a statement.
In the letter, AIMA recommends the following actions be taken:
- Extend compliance timelines for the short sales rule
AIMA wrote: “The SEC or SEC staff should provide institutional investment managers…an additional six months to begin complying with Rule 13f-2…and Form SHO, and require the first Form SHO reports to be filed on August 14, 2025, instead of February 14, 2025.”
- Withdraw the Dealer Rule appeal
- Champion the establishment of a Crypto Task Force
- Provide additional time for Form PF compliance until September 12, 2025.
AIMA wrote: “Most private fund advisers file their Form PF shortly after their annual audits are completed and Form ADV updates are filed in April. As a result, our members will face a number of both technical and compliance difficulties if required to use the new Form PF by March 12.”