• SEC Adopts New Risk Reporting Requirements for Certain Registered Investment Advisers to Private Funds (Form PF)
  • November 9, 2011
  • Law Firm: Jones Day - Cleveland Office
  • On October 26, 2011, the U.S. Securi ties and Exchange Commission adopted a new rule and new reporting requirements affecting certain registered advisers to hedge funds and other private funds. Under direction and authority of the Dodd-Frank Act, the SEC will now require investment advisers with at least $150 million in private fund assets to periodically report certain information that will assist the Financial Stability Oversight Council (“FSOC”) in monitoring systemic risks to the U.S. financial system. The reporting will be done on a new SEC Form (“Form PF”), the contents of which are to be kept confidential.