The Commodity Futures Trading Commission and the Securities and Exchange Commission recently voted to further extend the compliance date for investment advisers to comply with Form PF’s amendments to Oct. 1.
The extension will provide time to complete a substantive review of Form PF in accordance with a presidential memorandum and take any further appropriate actions, the agencies said.
Form PF is the confidential reporting form used by certain private fund advisers. The amendments were adopted in February 2024 with a compliance date of March 12, 2025. The date was previously extended to June 12.
“The alternative asset management industry thanks the SEC and CFTC for their pragmatic decision to grant a one-year extension of the amended Form PF compliance date,” Bryan Corbett, Managed Funds Association president and CEO, said. “The extension will improve data quality and give regulators time to reassess whether the rule aligns with its statutory purpose. MFA looks forward to working with the Commissions to ensure Form PF provides information necessary for FSOC to assess systemic risk without imposing unnecessary compliance costs.”
The Managed Funds Association represents the global alternative asset management industry. It has offices in Washington, D.C., New York City, Brussels, and London.