• The SEC Approves Final Version of Form PF
  • October 31, 2011 | Authors: Maurine R. Bartlett; Steven David Lofchie
  • Law Firm: Cadwalader, Wickersham & Taft LLP - New York Office
  • The Securities and Exchange Commission (the "SEC") held an open meeting on Wednesday, October 26, 2011, regarding the adoption of a rule requiring certain registered investment advisers to hedge funds and other private funds to report information on Form PF for use by the Financial Stability Oversight Council ("FSOC") in monitoring systemic risk to the U.S. financial system. The new rule, Rule 204(b)-1 under the Investment Advisers Act of 1940, would implement sections 404 and 406 of the Dodd-Frank Act and was initially proposed, along with the Form PF, on January 26, 2011. See 76 Fed. Reg. 8068 (Feb. 11, 2011).