Paul S. Atkins, Chairman Sept. 17, 2025: Good morning, ladies and gentlemen. Thank you for being here. This is an open meeting on the 17th of September 2025 of the United States Securities and Exchange Commission under the Government in the Sunshine Act. Commissioners Hester Peirce, Caroline Crenshaw, and Mark Uyeda are also present. Today, the Commission considers further extending, for an additional year, the compliance date of the amendments to Form PF originally adopted in February 2024. The Commodity Futures Trading Commission (CFTC) also will be considering this joint extension. Form PF is the mechanism by which covered private fund advisers confidentially report portfolio investment exposures and risk information about the private funds that they advise to the Commission and, if they are also registered as commodity pool operators or commodity trading advisers, to the CFTC. We provide Form PF data to the Financial Stability Oversight Council (FSOC)[1] to enable it to assess systemic risk and, as part of that process, to better understand market developments and to respond more effectively in periods of stress or crisis. The Commissions, therefore, do not just collect this information to fulfill their respective regulatory mandates. In 2024, the Commissions adopted amendments to the Form PF that modified questions to provide FSOC with, for example, metrics on new private fund investment strategies (such as credit funds, which were not a distinct asset class when the original Form PF was adopted in 2010), as well as more granular information from hedge fund advisers on investment and counterparty exposures. The initial compliance date of these amendments was March 12, 2025, which we extended to June 12, and then to October 1, 2025, to address transitional challenges brought to our attention by market participants. On January 20, 2025, President Trump signed a Presidential Memorandum directing agencies:[2] to consider postponing (for 60 days …
Source: MyPR International

