SEC Adopts Third Set Of Amendments To Form PF

Key Takeaways

• The latest round of revisions to Form PF made a stealthy arrival, with the SEC announcing in mid-February that it adopted the updates without an in-person vote.
• As the third set of amendments to Form PF in the past 12 months, each with overlapping compliance dates, private fund advisers should closely review Form PF requirements in the coming year.
• These amendments signal a continued focus on the oversight of private fund advisers, consistent with the SEC's adoption of the private fund adviser rules and many other pending regulations.
• These amendments will require disaggregated reporting on the components of certain master-feeder and parallel fund structures and otherwise modify reporting on certain fund structures.