• SEC Releases Third Annual Report Regarding Use of Form PF Data
  • August 19, 2015
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • On August 13, the SEC’s Division of Investment Management published its third annual report describing how the SEC uses Form PF data to protect investors and the integrity of the markets. The SEC, which adopted Form PF in 2011 as a part of its mandate under the Dodd-Frank Act, uses the form to capture data about certain registered private fund investment advisers, including assets under management, leverage, liquidity, counterparty credit risk exposure and the trading practices of the private funds managed by these advisers.

    The annual report reveals that Form PF data captured the activity of over 24,000 private funds with approximately $9.5 trillion in regulatory assets under management. SEC staff have used this data in examinations and investigations of private fund advisers, to monitor risk, to inform policy and rulemaking initiatives relevant to private funds and to coordinate with other federal regulators and international organizations, including the FSOC, the FSB and the International Organization of Securities Commissions.