Opportunity
Federal Register #2026-07993
Joint CFTC and SEC Proposal to Amend Form PF Reporting Requirements
Buyer
Commodity Futures Trading Commission and Securities and Exchange Commission
Posted
April 24, 2026
Respond By
June 23, 2026
Identifier
2026-07993
This opportunity involves a joint regulatory proposal by the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to amend Form PF reporting requirements: - Government Buyers: - Commodity Futures Trading Commission (CFTC) - Securities and Exchange Commission (SEC) - Scope of Proposed Amendments: - Increase the Form PF filing threshold from $150 million to $1 billion in private fund assets under management - Raise the reporting threshold for large hedge fund advisers from $1.5 billion to $10 billion - Eliminate or simplify reporting requirements, including: - Feeder fund reporting - Look-through requirements - Quarterly event reporting for private equity fund advisers - Make corrections and revisions to reduce burdens on filers - Purpose and Impact: - Streamline regulatory requirements for SEC-registered investment advisers to private funds, including those also registered with the CFTC as CPOs or CTAs - Maintain necessary information collection for investor protection and systemic risk assessment - Seek public comment on the proposed changes - No OEMs, vendors, or product/service procurements are involved, as this is a regulatory rulemaking process
Description
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are proposing amendments to Form PF, a confidential reporting form used by certain SEC-registered investment advisers to private funds, including those registered with the CFTC as commodity pool operators or commodity trading advisors. The proposed amendments aim to eliminate certain filing and reporting obligations, streamline requirements, and make corrections to reduce burdens while ensuring necessary information is collected for investor protection and systemic risk assessment. The proposal includes increasing filing thresholds, eliminating some reporting requirements, and simplifying others. Comments on the proposal are due by June 23, 2026.