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Form PF Amendments for Investment Advisers Proposed

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Summary

The Commodity Futures Trading Commission and the Securities and Exchange Commission are jointly proposing amendments to Form PF, the confidential reporting form for SEC-registered investment advisers to private funds, including those also registered with the CFTC as commodity pool operators or commodity trading advisors. The proposed amendments would eliminate certain filing and reporting obligations, streamline certain requirements, and make corrections and other revisions designed to eliminate certain burdens. Public comments are due 60 days after publication in the Federal Register.

“The proposed amendments would eliminate certain filing and reporting obligations, streamline certain requirements, and make corrections and other revisions.”

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What changed

The SEC and CFTC are jointly proposing amendments to Form PF that would eliminate certain filing and reporting obligations, streamline requirements, and make corrections and other revisions for SEC-registered investment advisers to private funds. The proposal is designed to eliminate certain burdens on advisers, including those also registered with the CFTC as commodity pool operators or commodity trading advisors.

Investment advisers to private funds should monitor this proposal during the comment period, as changes could affect filing frequency, reporting scope, and internal compliance procedures for Form PF submissions.

Archived snapshot

Apr 22, 2026

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More in this Section

Proposed Rule

Form PF; Reporting Requirements for All Filers

Public Comments

Submit a Comment on S7-2026-13

Overview

The Commodity Futures Trading Commission (the “CFTC”) and the Securities and Exchange Commission (the “SEC”) (collectively, “we” or the “Commissions”) are proposing to amend Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as a commodity pool operator (a “CPO”) or a commodity trading advisor (a “CTA”). The proposed amendments would eliminate certain filing and reporting obligations, streamline certain requirements, and make corrections and other revisions. The proposed amendments are designed to eliminate certain burdens, among other things.

Last Reviewed or Updated: April 20, 2026

Resources

Proposed Rule: SEC Issued Version (pdf 2.79 MB) Fact Sheet

Details

Public Comments Due 60 days after publication in the Federal Register

File Number S7-2026-13 Rule Type Proposed Release Number IA-6959 SEC Issue Date

April 20, 2026

Named provisions

Form PF Reporting Requirements for All Filers

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Last updated

Classification

Agency
SEC
Instrument
Consultation
Branch
Executive
Joint with
CFTC
Legal weight
Non-binding
Stage
Consultation
Change scope
Substantive
Document ID
Release No. IA-6959
Docket
S7-2026-13

Who this affects

Applies to
Investment advisers Fund managers
Industry sector
5239 Asset Management
Activity scope
Private fund reporting Investment adviser filings
Geographic scope
United States US

Taxonomy

Primary area
Securities
Operational domain
Compliance
Compliance frameworks
Dodd-Frank
Topics
Banking Anti-Money Laundering

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