LONDON, Jan 21 (Reuters) - Hedge fund industry lobbyists

have sent a wish list to the U.S. Securities and Exchange

Commission (SEC) asking for repeals and delays to much of the

regulator's hard-hitting agenda on industry transparency.

The Managed Fund Association (MFA) on Monday sent a letter

to Mark Uyeda, President Donald Trump's pick as acting chair of

the U.S. Securities and Exchange Commission, who will take on

the role from Gary Gensler on Tuesday.

WHY IT'S IMPORTANT

The $5 trillion hedge fund industry is asking for changes to

happen on 'Day One' of Uyeda's watch. These roll-backs would add

a six-month delay on disclosure requirements, including those

which would reveal to regulators more about what short bets

funds have against stocks, and their rate of change.

The letter asks for a similar delay on a separate set of

rules for hedge funds to tell the regulator their size, what

assets they have and some detail on their leverage levels.

CONTEXT

The U.S. securities regulator adopted in 2023, new rules

that aimed to shine a light on private equity and hedge fund

expenses and fees, in a sweeping overhaul aimed at an industry

long criticised for its opacity.

Monday's letter asks for a months-long delay on these

rules, some of which would have taken effect in February.

In the meantime, several hedge fund associations including

the MFA have lawsuits pending against the SEC to knock back many

of the rules issued during Gensler's tenure.

THE RESPONSE

Uyeda, the acting SEC chair, has consistently been outspoken

and critical about Gensler's take on private funds, describing

the rules in an October statement as "prescriptive."

He did not immediately respond to a request for comment.