On May 3, 2023, the SEC adopted amendments to Form PF, which is the confidential reporting form for certain SEC-registered investment advisers to private funds. These amendments aim to enhance the ability of the Financial Stability Oversight Council’s (FSOC) to assess systemic risk and improve the SEC’s oversight of private fund advisers,
Form PF changes to include ‘event-triggered’ reporting
The SEC has made amendments to Form PF which will significantly affect reporting requirements for hedge fund and private equity fund advisers and include new event-triggered reporting and additions to annual filings.