Form PF: Now What?
Report Summary
Form PF: Now What?
With Form PF, the SEC continues to target an enterprise-wide "culture of compliance."
Boston, May 23, 2013 - Several years into the global financial system's "new reality," money managers still struggle to become more efficient, turn profits, and appease regulators. An ongoing challenge is U.S. firms' need to interpret and comply with regulatory mandates, and the May 2010 passage of the U.S. Dodd-Frank Act has proven to be the top of the buy-side regulatory waterfall, particularly for hedge funds and private equity funds. Stemming from Dodd-Frank, new requirement Form PF compels affected firms to examine risk in their operations, data management, risk calculations, and client disclosures. Compliance officers and data managers at hedge funds that must register with the SEC should view it as no less than a game changer.
Based on Aite Group discussions with the SEC and industry participants as well as technology vendor briefings, this Aite Group report by senior analyst Lyn Marcrum focuses on Form PF, its place in the new world of compliance for hedge funds, steps to be taken in initial and subsequent filings, and other matters that loom on the compliance horizon.
This 21-page Impact Note contains eight figures and five tables. Clients of Aite Group's Institutional Securities & Investments service can download the report.