The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced an extension for hedge funds to comply with proposed amendments to Form PF, moving the deadline from October 1, 2026, to July 1, 2027. This marks the fourth delay from the original deadline of March 2025, aimed at allowing for a thorough review to reduce reporting burdens while still gathering necessary information.
Key changes proposed in April include raising the threshold for a large hedge fund adviser from $1.5 billion to $10 billion in assets, as noted in a report by Morgan Lewis & Bockius LLP. The Alternative Investment Management Association expressed that the extension is both “welcome” and “widely anticipated,” indicating ongoing work on the new requirements.
This decision will help avoid significant costs and allow firms time to adjust to proposed changes, as the SEC continues to evaluate feedback regarding amendments to Form PF.
