The Securities Exchange Committee (SEC) has issued a joint statement with the Commodity Futures Trading Commission (CFTC) to extend the required date of compliance with upcoming changes to Form PF. Impacted firms will now have until 12 June, 2025 to comply with the amendments.
𝗜𝗺𝗽𝗮𝗰𝘁𝗲𝗱 𝗳𝗶𝗿𝗺𝘀
The changes affect SEC-registered private fund advisers managing at least $150 million in assets. This includes hedge funds, registered investment advisers (RIAs), private equity firms, as well as commodity pool operators and commodity trading advisers.
𝗪𝗵𝘆 𝘁𝗵𝗲 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻?
The SEC granted the extension to give firms more time to adjust to the new reporting requirements and ensure accurate filing, following industry feedback and technical adjustments.
𝗛𝗼𝘄 𝗰𝗮𝗻 𝗳𝗶𝗿𝗺𝘀 𝗽𝗿𝗲𝗽𝗮𝗿𝗲?
Contact iQuant Solutions to help you use this extra time to:
1. Review the updated Form PF requirements.
2. Assess data requirements and internal reporting systems for necessary compliance.
3. Align teams to ensure smooth data gathering and submission.
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