Form PF XML reporting solution

The US Securities and Exchange Commission (SEC) is adopting amendments with certain modifications based on received comments:

1. Current reporting requirements for large hedge fund advisers regarding their qualifying hedge funds are being implemented. Changes include eliminating the proposed current report for changes in unencumbered cash. Instead of reporting within one business day as proposed, large hedge fund advisers will now report as soon as practicable, but no later than 72 hours after the occurrence of certain events that may indicate significant stress or systemic risk implications, aiming to mitigate investor harm.
2. Event reporting is being introduced for all private equity fund advisers, including quarterly reporting within 60 days after quarter ends for adviser-led secondary transactions and general partner removals, as well as investor elections to terminate a fund or its investment period. However, annual reporting is required for general partner or limited partner clawbacks, which were proposed to be reported on a current basis by all private equity fund advisers.
3. Additional reporting items are being adopted, along with amendments requiring large private equity fund advisers to provide more detailed information regarding certain activities of private equity funds important for assessing systemic risk and protecting investors. Tailored amendments are being made to gather more information from large private equity fund advisers regarding fund strategies, leverage usage, and other relevant aspects. The SEC is retaining the existing $2 billion reporting threshold for large private equity fund advisers instead of adopting a lower $1.5 billion threshold as proposed.