US SEC and CFTC Postpone Hedge Fund Disclosure Requirements for the Fourth Time

Odaily News: The U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) have once again delayed the new disclosure rules for hedge funds, postponing the deadline for submitting the Form PF to July 1.

The rule aims to help regulators understand the holdings, leverage, and risk exposure of private funds during periods of market volatility, in order to identify counterparty risks, margin pressures, and potential systemic risks. This postponement marks the fourth time regulators have delayed the relevant requirements.

Previously, the new disclosure rules faced opposition from the private fund industry, as fund companies were concerned about the leakage of sensitive information such as investment strategies. In April this year, the SEC and CFTC proposed an adjustment plan to raise the filing threshold for Form PF, increasing the asset under management threshold for private funds from $150 million to $1 billion, but this plan has not yet been finalized.