The Securities and Exchange Commission (SEC) has voted to extend the compliance date for the pending Form PF changes from 12 June until 1 October 2025.

The SEC has also signalled its willingness to further review the Form PF to assure that they are asking for only the information that is necessary to meet the regulatory objective of systemic risk monitoring.

AIMA has repeatedly emphasised its view that a further reconsideration of the Form PF against its intended purpose would be desirable, most recently in March 2025 and again yesterday, and welcomes the opportunity to engage with the SEC and its staff on its further review of the scope of the Form PF.

Jack Inglis, CEO of AIMA, the world’s largest alternative investment trade body, said: “The delay of the Form PF compliance deadline will provide welcome breathing room for private fund managers who are continuing to grapple with these complex regulatory requirements. We commend the SEC for its pragmatic approach to this problem and look forward to working with the SEC and its staff on its further review of the data being requested.”

Source: AIMA

SEC: Further Extension of Form PF Amendments Compliance Date

The Securities and Exchange Commission, together with the U.S. Commodity Futures Trading Commission, voted to extend the compliance date until Oct. 1, 2025, for the amendments to Form PF that were adopted on Feb. 8, 2024.

The compliance date for these amendments was originally March 12, 2025, but was previously extended to June 12, 2025.

Form PF is the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as commodity pool operators or commodity trading advisers. This extension will provide more time for filers to program and test for compliance with these amendments.

Source: SEC