SEC Releases FAQ for new Form PF Requirements

by The Compliance Exchange on June 19, 2012

The Securities and Exchange Commission has issued a collection of “frequently asked questions” regarding the new Form PFrequired of registered investment advisers that manage $150 million or more in assets attributable to private funds.

The document seeks to clarify the categorization of hedge funds, liquidity funds and private equity funds as it pertains to the filing. It also provides general guidance pertaining to the aggregation of assets/parallel funds and reporting requirements for a fund of funds.