Proposed Amendments to Form PF Would Increase the Scope, Detail and Frequency of Private Fund Reporting Obligations
Highlights
In 2022, the SEC issued two proposed rules that would expand the reporting requirements imposed by Form PF
Both rules would require advisers subject to Form PF reporting to provide more information, with more granular detail, than they currently are required to report
Neither proposed rule indicated when changes to Form PF would take place if adopted
In 2022 the Securities and Exchange Commission (SEC) proposed two amendments to Form PF – one proposed on January 26, 2022 (the January Proposal) and the other, proposed jointly with the Commodities Future Trading Commission (CFTC), on August 10, 2022 (the August Proposal) – that, taken together, would greatly expand the disclosure obligations of private fund advisers subject to Form PF filing requirements.
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