The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have extended the deadline for compliance with the new amendments to Form PF from March 12, 2025, to June 12, 2025. Form PF is a confidential reporting form that certain investment advisers to private funds, who are registered with the SEC and possibly with the CFTC, must fill out. The extension aims to address challenges like the need to file data under two different versions of the form, which raised issues for advisers. The new deadline also provides more time for affected parties to adapt to the changes and to ensure accurate data collection and reporting.
Simple Explanation
The CFTC and SEC decided to give extra time for some financial helpers to fill out a special form, moving the deadline from March to June 2025, so they don’t have to rush and can do a better job.