U.S. regulators proposed easing hedge fund reporting requirements, with the Securities and Exchange Commission and Commodity Futures Trading Commission unveiling plans to scale back Form PF disclosures. The proposal would raise reporting thresholds and eliminate requirements for smaller private fund advisers.
- The proposal would raise the Form PF filing threshold from $150 million to $1 billion in private fund assets under management.
- Smaller advisers would no longer be required to file, representing nearly half of current filers.
- The threshold for large hedge fund advisers would increase from $1.5 billion to $10 billion.
- Quarterly and current reporting requirements would be reduced or eliminated for many smaller advisers.
- Form PF would still capture data on over 90% of private fund gross assets and more than 80% of hedge fund assets.
- The changes are intended to reduce compliance costs and streamline regulatory reporting.
- The proposal will be subject to a 60-day public comment period following publication in the Federal Register.
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Editor’s Note: This is a developing story. This article may be updated as more detail
