Regulatory Alerts2026-04-20
SEC and CFTC Jointly Propose Amendments to Reduce Private Fund Reporting Burdens
The Securities and Exchange Commission and Commodity Futures Trading Commission jointly proposed amendments to Form PF that raise the filing threshold from $150 million to $1 billion and increase the large hedge fund exposure reporting threshold from $1.5 billion to $10 billion. These changes eliminate or streamline reporting requirements for nearly half of currently required advisers while preserving detailed exposure data for over 90 percent of private fund gross assets and enabling identification of active private credit funds. The agencies are soliciting public comments on all proposed amendments, with the comment period closing 60 days after Federal Register publication.
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