SEC Finalizes First Round of Form PF Updates
On May 3, 2023, the SEC voted three to two along party lines to issue a final rule updating Form PF requirements for hedge fund and private equity (PE) fund advisers as follows:
- Require large hedge fund advisers to report certain key events within 72 hours
- Require all PE fund advisers to report certain key events quarterly
- Require enhanced reporting by large PE fund advisers
This article provides details on the final rule.
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