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  • Dissenting Statement Of CFTC Commissioner Caroline D. Pham Regarding The Proposed Amendments To Form PF

    Date 10/08/2022

    I respectfully dissent from the proposed amendments to the Reporting Form for Investment Advisers to Private Funds and Certain Commodity Pool Operators and Commodity Trading Advisors (Form PF).  The proposed joint amendments, an action of the CFTC as well as the SEC, seem to impose overly broad obligations that would be unnecessarily burdensome and would present potentially significant operational challenges and costs without a persuasive cost-benefit analysis under the Commodity Exchange Act (CEA).  In a time of economic challenges, including rising inflation, we must be careful when considering proposals that could inhibit positive economic activity that supports American businesses and jobs.  I look forward to hearing from commenters as to the proposed amendments, including practical implementation issues and the relative costs and benefits of the proposal.

  • Statement Of CFTC Commissioner Christy Goldsmith Romero Regarding The Proposal For Enhanced Monitoring And Identification Of Systemic Risk And Emerging Threats To The U.S. Financial System

    Date 10/08/2022

    As a U.S. financial markets regulator and a member of the Financial Stability Oversight Council (FSOC), the Commission has a critical responsibility to monitor, identify, and respond to systemic risks and emerging threats to U.S. financial stability.  I support the proposed amendments to Form PF because they will enhance one of the Commission’s tools to fulfill that critical responsibility and facilitate our regulatory oversight of private funds.

  • CFTC Approves A Joint Rule Proposal To Amend Form PF

    Date 10/08/2022

    The Commodity Futures Trading Commission today voted to jointly propose amendments to Form PF with the Securities and Exchange Commission (SEC), as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Form PF is the confidential reporting form for certain investment advisers to private funds that are registered with the SEC, including those also registered with the CFTC. The SEC also approved the proposed amendments at a public meeting today. The proposed amendments to Form PF reflect the lessons learned over the past decade of private funds filing with the SEC

  • Statement On Amendments To Form PF To Amend Reporting Requirements For All Filers And Large Hedge Fund Advisers, SEC Commissioner Mark T. Uyeda Aug. 10, 2022

    Date 10/08/2022

    Thank you, Chair Gensler. Who benefits from investments in private funds and alternative investments? In many cases, they are the pensioners in a retirement plan or a university student who benefits from an endowment. In other words, Americans of all types benefit from a robust market for private funds that is diverse and provides sophisticated institutional investors and their advisers with choices to address different risk tolerances, investment strategies, and time horizons.

  • Statement On Proposed Amendments To Form PF, SEC Commissioner Caroline A. Crenshaw, Aug. 10, 2022

    Date 10/08/2022

    Today’s Form PF proposal would provide the SEC, CFTC, and Financial Stability Oversight Council (“FSOC”) with important information to keep apace with the myriad changes in the private funds space.