Blackrock has welcomed the US Securities and Exchange
Commission (SEC) and the Commodity Futures Trading Commission
(CFTC)'s reduced reporting requirements for private fund
advisers in its final rules released on October 31.
"I think the big win was a decision by the CFTC to
accept Form PF as substitute compliance for entities that
hold both SEC and CFTC registration," said BlackRock managing
director Joanne Medero.
The proposed rule would have required separate
filings to the CFTC, adding to the costs of disclosure.
In addition to advocating for a single reporting form,
comments filed with the SEC lobbied for a longer filing period
for hedge fund advisers, implementation of a reporting
threshold for registered private fund advisers and removal of
position-level reporting that could have disclosed