SEC proposes amendments to Form PF1. The Form PF, which was initially adopted in 2011 and became effective on June 15, 2012, is a confidential report that certain SEC-registered private fund advisers must file with the Financial Stability Oversight Council FSOC.
Gensler's focus on private funds was uncertain until now. This week he testified before subcommittee to U.S. House Appropriations Committee, that he has sought staff recommendations for increased private fund reporting and disclosure through Form ADV, Form PF, and other enhancements.