CFTC and SEC Propose Higher Form PF Reporting Threshold for Private Funds

The CFTC and SEC proposed raising key Form PF reporting thresholds for private funds and hedge fund managers, with the rule change open to public comment for 60 days after Federal Register publication.

Summary

The CFTC and SEC jointly proposed changes to Form PF that would increase the private fund reporting threshold from $150 million to $1 billion. The proposal would also raise the threshold for large hedge fund managers from $1.5 billion to $10 billion. The agencies have opened the proposal for public comment for 60 days following its publication in the Federal Register.

Terms & Concepts
  • Form PF: A confidential regulatory filing used by U.S. regulators to collect data on private funds and monitor potential systemic risk.
  • Private funds: Investment vehicles such as hedge funds and private equity funds that generally operate outside the rules applied to public retail funds.