SEC and CFTC Extend Form PF Compliance Date

The Securities and Exchange Commission and U.S. Commodity Futures Trading Commission have voted to extend the date for investment advisers to comply with amendments to Form PF, a confidential reporting form used by certain private fund advisers.

What's Changing?

The new deadline for compliance is October 1, 2026, marking the fourth extension since initial requirements were implemented in 2012. The amendment aims to enhance transparency and improve risk monitoring of private funds.

Why It Matters

• The extended deadline gives investment advisers additional time to review and adjust their reporting procedures.
• This change affects investment advisers with private fund clients, requiring them to update their Form PF submissions accordingly.

Risk Assessment

Our internal system assesses the risk level as high due to the complexity of the amendments and potential for non-compliance penalties. We urge readers to exercise caution when reviewing and adjusting their reporting procedures.

Staying Ready

Investment advisers should consider reviewing their current systems and processes for submitting Form PF reports to ensure compliance by the new deadline. This may involve upgrading technology or retraining staff on updated requirements.

1. Review internal policies and procedures for submitting Form PF reports.

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