SEC and U.K. FSA Will Cooperate on Hedge-Fund Rules and Data

``Hedge-fund managers based in both New York and London may only need to report one set of data to regulators as officials agreed to collect similar information. U.S. Securities and Exchange Commission Chairman Mary Schapiro and U.K. Financial Services Authority Chief Executive Officer Hector Sants said today their agencies will explore common approaches to regulatory requirements for “market participants” including hedge funds and their advisers. ''