PEGCC Statement in Response to the Securities and Exchange Commission Final Rule on Form PF
WASHINGTON DC – Today, the Securities and Exchange Commission (SEC) issued its final rule on Form PF as part of the Dodd-Frank Act. The rule requires registered investment advisers to hedge funds and other private funds to report information for use by the Financial Stability Oversight Council (FSOC) in monitoring risks to the U.S. financial system.
“We thank the SEC for taking a more realistic approach to the final rule requiring investment advisers to file a new Form PF,” said Steve Judge, interim President and CEO of the PEGCC. “We appreciate the SEC response to our concerns that the proposed rule would have imposed undue burdens on private equity investment advisers without providing useful information. Our initial view is that the final rule makes several improvements that will make the Form PF process more efficient.”
“We continue to review the final Form PF rule and look forward to working with the SEC on implementation. “
