Bryan Corbett, MFA President and CEO, released the following statement on the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) delaying the compliance deadline for the New Form PF until June 12, 2025. MFA requested the extension from the incoming leaders of the Commissions earlier this year. MFA also requested relief from the Commissions in a letter in December 2024.

“MFA supports the SEC and CFTC delaying the compliance deadline for the New Form PF by three months. Pushing back the implementation date will ensure the Commissions have time to finalize the technical specifications for the Form and do not receive inconsistent data on private funds. This will allow the SEC and CFTC to better monitor for financial stability risks and give market participants adequate time to establish reporting systems. MFA and our members appreciate the new leadership at the SEC and CFTC moving away from the needlessly antagonistic approach to the industry adopted by the previous administration. Constructively engaging with the industry during the rulemaking process will enhance oversight of financial risks by producing rules that work better in practice and are more effective at achieving their intended aims.” — Bryan Corbett, MFA President and CEO

See the letter to the incoming leaders of the Commissions requesting the extension here.

Also, read the December 2024 letter here.

Source: MFA

CFTC, SEC Extend Form PF Amendments Compliance Date

The Commodity Futures Trading Commission, together with the Securities and Exchange Commission, extended the compliance date for the amendments to Form PF that were adopted Feb. 8, 2024. The compliance date for these amendments, which was originally March 12, 2025, has been 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 mitigate certain administrative and technological burdens and costs associated with the prior compliance date. This extension will also provide more time for filers to program and test for compliance with these amendments.

Source: CFTC