SEC Issues Details On Form PF Disclosure Requirements

Law360, New York (June 19, 2012, 9:02 PM EDT) -- The staff of the U.S. Securities and Exchange Commission has clarified aspects of the new private fund reporting rule, including providing a de minimis carve-out for private equity funds that use swaps on a limited basis, according to an agency release.

The SEC issued a frequently-asked-questions release on June 8 that provided additional clarification on the details of the new Form PF, a new reporting requirement for SEC and U.S. Commodity Futures Trading Commission-regulated private fund firms.

Mandated by the Dodd-Frank Act, Form PF is intended...
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