Securities and Exchange Commission Publishes Form PF Frequently Asked Questions

September 01, 2012

The Securities and Exchange Commission (SEC) publishes a list of responses by the Staff of the Division of Investment Management (Staff) to frequently asked questions (FAQs) that it has received regarding Form PF (the Form). Among other issues, the FAQs address (i) how advisers should categorize private funds, (ii) how advisers should aggregate and disregard certain private funds and managed accounts, (iii) reporting of derivative transactions and counterparties, (iv) how an adviser should explain any assumptions the adviser used in completing the Form, and (v) certain definitional issues presented by the Form. This article addresses FAQs published on or before July 19, 2012.

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