The Securities and Exchange Commission issued draft proposals Tuesday to require hedge fund and other private fund advisers to file periodic reports with regulators seeking to assess threats to the financial system.

Last year’s Dodd-Frank financial law gave broad authority to the SEC to collect for the first time information, including proprietary position data, from private fund advisers.

The SEC can’t publicize the information but must share it as needed with the Financial Stability Oversight Council, a new council of regulators created by the law to monitor systemic risk.

Tuesday’s proposal would require large fund advisers to file more frequent reports with more detailed information than small fund advisers.

Advisers managing funds with more than $1 billion in assets would be required to report every quarter their aggregate exposures by asset class, geographical concentration and turnover, under the proposal.

Advisers managing funds below the $1 billion asset threshold would be required to file annual reports with information about fund leverage and performance, credit providers and investor concentration.