Release Number 8571-22

CFTC Approves a Joint Rule Proposal to Amend Form PF

August 10, 2022

The Commodity Futures Trading Commission today voted to jointly propose amendments to Form PF with the Securities and Exchange Commission (SEC), as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Form PF is the confidential reporting form for certain investment advisers to private funds that are registered with the SEC, including those also registered with the CFTC. The SEC also approved the proposed amendments at a public meeting today. The proposed amendments to Form PF reflect the lessons learned over the past decade of private funds filing with the SEC. 

The proposed amendments are designed to improve the utility of Form PF data to enhance the Financial Stability Oversight Council’s ability to assess systemic risk as well as to bolster the oversight of private fund advisers in light of the growth of the private fund industry. Specifically, the joint proposal would amend Form PF’s general instructions as well as Sections 1 and 2.

The proposal will be published at, and in the Federal Register. The public comment period will remain open for 60 days after the date of issuance and publication on or 30 days after publication in the Federal Register, whichever is later.