SEC and CFTC Propose Significant Amendments to Private Fund Reporting Requirements

On April 20, 2026, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly proposed amendments to Form PF (the Proposal), which requires certain SEC-registered investment advisers to private funds (including those that are also CFTC-registered commodity pool operators and commodity trading advisers) to confidentially disclose information regarding the funds they advise.... By: Latham & Watkins LLP