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THE PHILIPPINES: Narciso s Challenge

Statement On Final Amendments To Form PF To Require Event Reporting For Large Hedge Fund Advisers And Private Equity Fund Advisers And To Amend Reporting Requirements For Large Private Equity Fund Advisers, SEC Commissioner Mark T Uyeda, May 3, 2023

<p><span>Thank you, Chair Gensler. Today, we are voting on the recommendation to finalize the first of two outstanding proposals to amend Form PF. When Form PF was first adopted in 2011, then-Commissioner Paredes stated that &ldquo;[t]he final rule fulfills Dodd-Frank&rsquo;s statutory directive to the Commission to collect information on behalf of [the Financial Stability Oversight Council (&ldquo;FSOC&rdquo;)], and does so in a way that reduces the compliance burden on advisers in important respects as compared to the rule the Commission initially proposed.&rdquo;</span><span>&nbsp;Today&rsquo;s amendments are the first step to reversing those initial, fruitful efforts at effective regulation. The amendments significantly expand the scope of the Form&rsquo;s reporting requirements and increase the frequency of filings for large hedge fund advisers and private equity fund advisers. Yet the Commission fails to identify any particu

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