Regulatory Alerts2022-01-26
Amendments to Form PF Requiring Current Reporting for Large Private Equity and Liquidity Fund Advisers
The Securities and Exchange Commission proposes amendments to Form PF that mandate current reporting within one day of key stress events for large hedge fund and private equity advisers. The rule also lowers the reporting threshold for large private equity advisers from $2 billion to $1.5 billion in assets under management while requiring more granular data on fund strategies, leverage, and portfolio company financings. Additionally, large liquidity fund advisers must now report substantially the same information as money market funds on Form N-MFP to improve systemic risk monitoring and investor protection.
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