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The SEC and CFTC have announced an extension of the compliance date for investment advisers regarding amendments to Form PF until October 1, 2026. Originally set for March 12, 2025, this date was postponed to allow for a comprehensive review of the form as directed by a Presidential Memorandum. Form PF is a confidential reporting mechanism for certain private fund advisers, and this extension aims to facilitate further consideration of potential amendments that may enhance the reporting process.
Statement Summary
The SEC and CFTC have extended the compliance date for investment advisers to adhere to amendments to Form PF until October 1, 2026. Initially set for March 12, 2025, the deadline was previously postponed to accommodate a thorough review of Form PF per a Presidential Memorandum. This extension allows for an opportunity to consider potential new amendments to the form, which is used by certain private fund advisers for confidential reporting.
Original Statement
The Securities and Exchange Commission and U.S. Commodity Futures Trading Commission each voted to further extend the date for investment advisers to comply with amendments to Form PF, the confidential reporting form used by certain private fund advisers. The Commissions extended the compliance date to Oct. 1, 2026. The Form PF amendments were adopted in February 2024 and the original compliance date was March 12, 2025. The compliance date was previously extended to June 12 and then October 1, but this further extension will provide time to complete a substantive review of Form PF in accordance with a Presidential Memorandum and take any further appropriate actions, which may include proposing new amendments to Form PF.