On January 29, 2025, the SEC extended the compliance date for Form PF changes from March 12, 2025 to June 12, 2025 in response to industry feedback on implementation challenges. The 2024 final rule covered private funds, commodity pool operators, and commodity trading advisors and included the following changes:
- Enhanced reporting by large hedge fund advisers regarding qualifying hedge funds to provide better insight into the operations and strategies of these funds and their advisers and improve data quality and comparability
- Enhanced hedge fund reporting to provide greater insight into hedge funds’ operations and strategies, assist in identifying trends, and improve data quality and comparability
- Amended how advisers report complex structures
- Removed aggregate reporting for large hedge fund advisers
Forvis Mazars will continue to monitor SEC developments.
How Forvis Mazars Can Help
Forvis Mazars has team members focused on serving the asset management industry both in the U.S. and globally. We aim to provide high-touch personal service delivered with remarkable integrity, care, and innovation—backed by the resources of a top 10 U.S. public accounting firm. Forvis Mazars has an experienced team of nearly 30 assurance, tax, and consulting partners supported by professionals with strong technical and client service capabilities, serving funds from emerging managers to large multi-fund groups, investment advisers, wealth managers, family offices, and general partners. If you have any questions or need assistance, please reach out to a professional at Forvis Mazars.