SEC and CFTC Delay Form PF Compliance Deadline to Oct. 1, 2026

The Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) have jointly announced a major postponement of the compliance deadline relating to amendments to Form PF, the confidential reporting document used by specific private fund investment advisers.

The regulatory bodies have finalized the new mandatory implementation date for these changes as October 1, 2026.

This significant delay pushes back the timeline substantially from the original schedule. The revisions to Form PF were officially adopted in February 2024, with the initial date for adherence set for March 12, 2025. The compliance timeline had already been adjusted twice prior to this latest action, moving first to June 12, and then subsequently to October 1.

The rationale underpinning this further extension is to afford the Commissions sufficient time to complete a comprehensive and substantive evaluation of Form PF, an undertaking mandated by a Presidential Memorandum. This thorough review is critical, and the extended period grants the agencies the necessary capacity to take any appropriate subsequent actions. Such actions may include the development and proposal of additional new amendments to Form PF itself, ensuring the reporting structure aligns with regulatory objectives following the review.