Regulatory Alerts2023-06-12 | 2023-09775Added
Form PF; Event Reporting for Large Hedge Fund Advisers and Private Equity Fund Advisers; Requirements for Large Private Equity Fund Adviser Reporting
The Securities and Exchange Commission adopted amendments to Form PF requiring large hedge fund advisers to report specific stress events within 72 hours and all private equity fund advisers to file quarterly reports on adviser-led secondary transactions and fund terminations. The rule also mandates enhanced annual reporting from large private equity fund advisers regarding clawbacks, leverage, and fund strategies to improve data granularity. These changes aim to strengthen the Financial Stability Oversight Council's monitoring of systemic risk and bolster the SEC's regulatory oversight and investor protection efforts.
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