SEC and CFTC Extend Form PF Compliance Date to Oct. 1, 2026

SEC and CFTC Extend Form PF Compliance Date to Oct. 1, 2026

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…

SEC and CFTC Extend Form PF Compliance Date

The Securities and Exchange Commission (SEC) and U.S. Commodity Futures Trading Commission (CFTC) have extended the compliance date for investment advisers to submit updated reports under the confidential Form PF, a confidential reporting form used by certain private fund advisers. This move will affect the way these firms manage their reporting obligations.

The SEC and CFTC each voted on the extension, moving the original deadline of October 1, 2025, to October 1, 2026.

### What's Behind the Extension? The extension gives investment advisers additional time to adapt to the updated Form PF, which includes new requirements for reporting on private fund exposure and leverage. This change aims to improve transparency in the financial system.

The updated Form PF is part of ongoing efforts by regulators to enhance market oversight and address concerns around systemic risk.

### Risk Assessment

Risk Level: High

  • Credibility: High
  • Warning for readers: Investors in private funds or investment advisers may want to review their reporting obligations under the updated Form PF.
### Staying Ready Investment firms should consider how this change affects their internal processes and technology infrastructure. To stay compliant, these organizations might need to upgrade their monitoring tools or expand their home office setup.

Reviewing current systems and updating as necessary can help ensure timely compliance with the updated Form PF.

Risk Assessment

Risk level: high

Investor note: Investors in private funds or investment advisers may want to review their reporting obligations under the updated Form PF.

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