The SEC and CFTC’s extended compliance date (June 12, 2025) for the recent Form PF amendments is now only one month away.
This extension provided additional time for private fund advisers to implement the necessary operational and technological changes required under the updated Form PF reporting framework.
𝗞𝗲𝘆 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝘁𝗼 𝗙𝗼𝗿𝗺 𝗣𝗙 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴:
𝗫𝗠𝗟 𝗦𝗰𝗵𝗲𝗺𝗮 𝗨𝗽𝗱𝗮𝘁𝗲𝘀:
• These updates include structural changes to accommodate new data elements and reporting requirements.
• Advisers must ensure their systems are compatible with the latest schema to avoid submission errors.
• The final XML schema is available.
𝗘𝘅𝗽𝗮𝗻𝗱𝗲𝗱 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀:
• Advisers must report additional information, including detailed exposure metrics, performance data, and financial conditions of private funds.
• The updates aim to enhance transparency and provide regulators with more comprehensive data on private fund activities.
𝗔𝗰𝘁𝗶𝗼𝗻 𝗦𝘁𝗲𝗽𝘀:
• 𝗨𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗲 𝗡𝗲𝘄 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀: While you can download and review the updated XML schema and sample files, navigating the technical and regulatory nuances can be complex. We’re here to help simplify that process.
• 𝗘𝘃𝗮𝗹𝘂𝗮𝘁𝗲 𝗗𝗮𝘁𝗮 𝗥𝗲𝗮𝗱𝗶𝗻𝗲𝘀𝘀: Confirm that your internal systems can provide the required data. If you’re unsure, we can assess your readiness and help streamline data collection and transformation.
• 𝗔𝘃𝗼𝗶𝗱 𝗜𝗻-𝗛𝗼𝘂𝘀𝗲 𝗦𝘆𝘀𝘁𝗲𝗺 𝗢𝘃𝗲𝗿𝗵𝗮𝘂𝗹𝘀: By leveraging our platform, which is already built and tested for the new schema and filing requirements, you can avoid allocating time and resources to update your internal reporting infrastructure.
• 𝗟𝗲𝘁 𝗨𝘀 𝗗𝗼 𝘁𝗵𝗲 𝗛𝗲𝗮𝘃𝘆 𝗟𝗶𝗳𝘁𝗶𝗻𝗴 𝗼𝗻 𝗧𝗲𝘀𝘁𝗶𝗻𝗴: We’ve already run extensive validations against the June 2025 schema. Partnering with us means skipping the trial-and-error phase and reducing filing risk.
• 𝗦𝘁𝗮𝘆 𝗔𝗵𝗲𝗮𝗱 𝗼𝗳 𝗖𝗵𝗮𝗻𝗴𝗲𝘀: Our team actively monitors regulatory updates and implements them into our platform, ensuring you’re always one step ahead of compliance deadlines.
Want to be ready? Contact us for detailed information and resources to support you.
