NEW YORK, March 11 (Reuters) - The Managed Funds

Association, a private fund industry group, has urged the U.S.

Securities Exchange Commission (SEC) to reform or withdraw

regulations introduced over the past four years.

The recommendations, including changes to mandates involving

Treasury trades and funds' disclosures, were made in a letter to

acting chair Mark Uyeda, President Donald Trump's pick for the

position.

The MFA said its 10 recommendations would "reduce costs and

burdens on market participants and improve the efficiency of the

financial markets."

The MFA's moves come as private fund associations have

challenged in court to overturn new rules the SEC adopted in

2023 under chair Gary Gensler, with the groups scoring some

victories.

The industry recommended the regulator help improve market

infrastructure before implementing a key reform introduced by

the SEC in 2023 aimed at reducing systemic risk in the $28.5

trillion Treasuries market by forcing more trades through

clearing houses.

Last month, Wall Street's top regulator delayed by a year

the rollout of the new rules for some cash and repo Treasury

transactions, agreeing with requests made by trade associations.

The rules would initially be implemented in phases by June 2026.

Although MFA did not mention a specific new deadline, it

said the SEC should only require Treasury clearing when the

market infrastructure is in place, such as greater access to

central clearing and cross-margining.

The fund industry group also asked the SEC to review an

update of the "Form PF rule" from 2023 requiring funds to

disclose more information, such as events that may indicate

significant stress or otherwise signal the potential for

systemic risk and investor harm, including significant margin

calls or counterparty defaults, within 72 hours of the event.

While the private fund industry is in litigation with the

SEC and awaits a court decision to vacate two other rules aimed

at boosting transparency of short selling and securities

lending, the MFA has asked the SEC to reduce the amount of

information reported. When investors short a stock, they profit

if its price falls.

Additionally, the MFA has asked the SEC to take steps to

create a framework to govern digital asset securities and to

ensure that private funds can invest in them without breaching

custody requirements.