The U.S. Securities and Exchange Commission (SEC) has dropped consideration of two hedge fund measures from its agenda for a Monday meeting, saying it wanted more time to review their language, The New York Times reported Saturday.

One measure dealt with the minimum net worth that an investor must have to be allowed to invest in hedge funds, according to the report.

In September, the SEC said it was preparing a measure that would raise the minimum, known as the accredited investor standard, amid concern that too many investors of limited means are putting money in hedge funds.

The other measure involves tightening the antifraud statute dealing with hedge funds -- lightly policed capital pools popular with the rich that have doubled their assets under management to 1. 3 trillion dollars in the last five years.

Both measures emerged after a court in June struck down an agency regulation that required most hedge fund advisers to register with the SEC. The court said the SEC overstepped its bounds in adopting the rule.

A SEC spokesman said Friday that the agency wanted "another week to maker sure the technical language of the antifraud provision appropriately addresses the court's decision."

The SEC has scheduled another public meeting for Dec. 13, when the hedge fund measures could come up, according to the report.

Source: Xinhua