On 17 September 2025, the United States Commodity Futures Trading Commission (CFTC) and the United States Securities and Exchange Commission (US SEC) jointly extended the compliance date for amendments to Form PF, the confidential reporting form for private fund advisers. The new compliance date is 1 October 2026, replacing the previous deadline of 1 October 2025.
The Form PF amendments, adopted on 8 February 2024, were originally set to take effect on 12 March 2025, before being extended to 12 June 2025 and later to 1 October 2025. The latest extension provides additional time for a substantive review of the amendments in line with the 20 January 2025 Presidential Memorandum directing agencies to reassess pending rules .
The Joint Statement states: “We believe more time is needed to complete a substantive review of Form PF and determine whether any further action is needed. Therefore, we are granting a further compliance date extension to October 1, 2026 to provide time for the Commissions to complete their review in accordance with the Presidential Memorandum…”
Form PF, created under Sections 404 and 406 of the United States Dodd-Frank Act 2010, requires certain investment advisers to confidentially report information on private funds for systemic risk monitoring and investor protection. The Final Form PF amendments were intended to update reporting obligations for all filers and large hedge fund advisers .
The extension comes after the concerns raised by market participants and trade associations, who requested more time to address uncertainties about compliance costs and alignment with broader regulatory policy reviews.
(Source: https://www.cftc.gov/PressRoom/PressReleases/9126-25)
