SEC Proposes Amendments to Private Fund Reporting

The SEC has issued a proposed rule, Amendments to Form PF to Require Current Reporting and Amend Reporting Requirements for Large Private Equity Advisers and Large Liquidity Fund Advisers. These proposed amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, would (1) “require current reporting for large hedge fund advisers and advisers to private equity funds,” (2) “decrease the reporting threshold for large private equity advisers,” and (3) “require more information regarding large private equity funds and large liquidity funds.”

Comments on the proposed rule are due 30 days after the date of its publication in the Federal Register. For more information, see the press release and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioners Caroline A. Crenshaw, Allison H. Lee, and Hester M. Peirce, on the SEC’s Web site.