On January 18, the Securities and Exchange Commission’s Division of Investment Management updated its Form PF FAQs. Registered investment advisers managing private funds with at least $150 million in private fund assets under management are required to complete and file a Form PF. The new FAQs provide additional guidance on the form regarding both general filing requirements and its specific questions, some of which relate to amendments to the form made pursuant to the 2014 Money Market Fund Reform. The SEC added three FAQs related to general filing information and 13 question-specific FAQs. Additionally, FAQs relating to questions 56 and 57 of the form were removed.
The updated Form PF FAQs are available here.