Financial services regulatory practice: Form PF - How we can help asset managers

September 2012
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Financial services regulatory practice: Form PF - How we can help asset managers

At a glance

The SEC and the CFTC adopted final rules to require registered advisers to private funds to file reports that would help the agencies assess systemic risk. Improved systems, processes and controls will enable information reporting and deliver benefits management reporting, investor reporting, financial reporting and risk management.

In October 2011, the SEC and the CFTC jointly adopted final rules to require registered advisers to private funds to file new reports that would help the agencies assess systemic risk. The information collected by the SEC from Form PF will be used by the FSOC in monitoring systemic risk posed by the private fund industry. Some of the ways Form PF will impact asset managers are:

  • This rule will impose significant obligations on advisers to provide the government with ongoing insight into their activities.
  • Advisers should begin to assess the extent to which they currently collect the needed data.
  • Investors may request Form PF as part of their initial and ongoing due diligence.

Please click here for more information on Form PF and PwC's framework for response.
 

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