Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers; Further Extension of Compliance Date

On August 31, 2026, the U.S. Securities and Exchange Commission (“SEC”)  and the Commodity Futures Trading Commission (“CFTC”) announced that they are further extending the compliance date for the amendments to Form PF that were adopted on February 8, 2024, from October 1, 2026, to July 1, 2027. See announcement here: SEC.gov | Statement on Extension of 2024 Form PF Amendments.

The February 8, 2024 amendments intend to:

• Enhance reporting by large hedge fund advisers regarding qualifying hedge funds to provide better insight into the operations and strategies of these funds and their advisers and to improve data quality and comparability;
• Enhance reporting of hedge funds to provide greater insight into hedge funds’ operations and strategies, to assist in identifying trends, and to improve data quality and comparability;
• Amend how advisers report complex structures to improve the ability of the Financial Stability Oversight Council (FSOC) to monitor and assess systemic risk and to provide greater visibility for both FSOC and the Commissions into these arrangements; and
• Remove aggregate reporting for large hedge fund advisers to lessen the burden on advisers and to focus Form PF reporting on more valuable information for systemic risk assessment purposes.

The SEC and CFTC noted that they are currently considering comments on the 2026 Proposed Form PF Amendments, which were requested to be submitted on or before June 23, 2026. See more about the 2026 Proposed Form PF Amendments here: SEC & CFTC Propose Form PF Amendments to Ease Private Fund Reporting. Given that the 2026 Proposed Form PF Amendments will have a significant impact on Form PF, the SEC and CFTC want more time before the February 8, 2024 amendments become effective.

Please reach out to a member of our team if you have any questions or would like to discuss what this means for your reporting obligations.

This summary is provided for informational purposes only and is not intended to constitute legal advice nor does it create an attorney-client relationship with Rimon, P.C. or its affiliates.