SEC and CFTC Propose Changes to Hedge Fund Reporting Requirements

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly proposed amendments to hedge fund reporting requirements. According to ChainCatcher, the proposal includes eliminating the reporting obligations for smaller-scale advisors and raising the Form PF reporting threshold for private fund assets under management from $150 million to $1 billion. The agencies stated that the data collected through Form PF will be used confidentially for inspections and investigations of private fund advisors.