SEC and CFTC Propose Raising Private Fund Reporting Threshold to $1 Billion

Gate News message, April 20 — The U.S. Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) have jointly proposed narrowing hedge fund reporting requirements. The proposal would eliminate reporting obligations for smaller-scale advisors and raise the asset threshold for Form PF (private fund reporting form) from $150 million to $1 billion.

According to the agencies, data collected through Form PF will be used confidentially for examinations and investigations of private fund advisors.