Form PF Frequently Asked Questions Posted by the SEC Staff

June 12, 2012

The staff of the U.S. Securities and Exchange (SEC) recently posted responses to frequently asked questions (FAQs) regarding the implementation of Rule 204(b)-1 (Rule) and new Form PF (Form) under the Investment Advisers Act of 1940, as amended (Advisers Act). The Form must be completed by SEC registered investment advisers that manage $150 million or more in regulatory assets under management attributable to private funds. The FAQs cover issues relating to the categorization of hedge funds, liquidity funds and private equity funds under the Rule, as well as aggregation of assets principles and fund of funds reporting issues.

Read “Form PF Frequently Asked Questions Posted by the SEC Staff.”