SEC and CFTC Release Final Rule Related to Private Fund Reporting

The SEC and Commodity Futures Trading Corporation (CFTC) have jointly released a final rule that amends Form PF — that is, “the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator . . . or commodity trading adviser.” The final rule is intended to “enhance the Financial Stability Oversight Council’s . . . ability to monitor systemic risk as well as bolster the SEC’s regulatory oversight of private fund advisers and investor protection efforts.”

For more information, see the press release and fact sheet — as well as the statements by SEC Chair Gary Gensler and Commissioners Hester Peirce and Mark Uyeda — on the SEC’s Web site.