On October 26, 2011, the SEC will vote on whether to adopt a rule requiring advisers to hedge funds and other private funds to report information for use by the Financial Stability Oversight Council in monitoring risk to the U.S. financial system. The new rule under the Investment Advisers Act of 1940 (the "Advisers Act") would implement Sections 404 and 406 of the Dodd-Frank Act. SEC Open Meeting Notice.