Final Rule

Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers

Public Comments

Overview

The Commodity Futures Trading Commission (“CFTC”) and the Securities and Exchange Commission (“SEC”) (collectively, “we” or “Commissions”) are extending the compliance date for the amendments to Form PF that were adopted on February 8, 2024, from March 12, 2025 to June 12, 2025. Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator (“CPO”) or commodity trading adviser (“CTA”).

The Commodity Futures Trading Commission (“CFTC”) and the Securities and Exchange Commission (“SEC”) (collectively, “we” or “Commissions”) are adopting amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator (“CPO”) or commodity trading adviser (“CTA”).  The amendments are designed to enhance the Financial Stability Oversight Council’s (“FSOC’s”) ability to monitor systemic risk as well as bolster the SEC’s regulatory oversight of private fund advisers and investor protection efforts.  In connection with the amendments to Form PF, the SEC is amending a rule under the Investment Advisers Act of 1940 (“Advisers Act”) to revise instructions for requesting a temporary hardship exemption.

Prior Actions

Title
Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers
Overview

The Commodity Futures Trading Commission (“CFTC”) and the Securities and Exchange Commission (“SEC”) (collectively, “we” or “Commissions”) are adopting amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator (“CPO”) or commodity trading adviser (“CTA”).  The amendments are designed to enhance the Financial Stability Oversight Council’s (“FSOC’s”) ability to monitor systemic risk as well as bolster the SEC’s regulatory oversight of private fund advisers and investor protection efforts.  In connection with the amendments to Form PF, the SEC is amending a rule under the Investment Advisers Act of 1940 (“Advisers Act”) to revise instructions for requesting a temporary hardship exemption. 

Release Number
IA-6546
SEC Issue Date
Federal Register Publish Date
Document Citation

17 CFR Parts 275 and 279

RIN
3235-AN13

Last Reviewed or Updated: Jan. 29, 2025

Details

File Number
S7-22-22
Rule Type
Final
Release Number
IA-6838
SEC Issue Date
Effective Date

The effective date for this release date of publication in the Federal Register. The effective date for the amendments to Form PF adopted on February 8, 2024, remains March 12, 2025.

Compliance Date

The compliance date for the amendments to Form PF adopted on February 8, 2024, is extended to June 12, 2025.

Federal Register Publish Date