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SEC Approves Form PF Fees for Registered Advisers

adviser attorney New YorkThe Securities and Exchange Commission (SEC) has approved Form PF filing fees for registered investment advisers. As previously discussed on this RIA blog, newly SEC-registered advisers with at least $150 million in private fund assets under management must file Form PF.

The amount of information reported and the frequency of reporting are largely determined on the size of the fund. “Large” hedge fund advisers will be required to file the Form PF every quarter, while most others will only have to file annually.

A $150 fee is due upon filing of each Form PF Annual Report and Quarterly Reports.

Hedge fund and private fund advisers must file Form PF online through the Private Fund Reporting Depository (PRFD) System, a subsystem of the IARD system.  Fees will be credited to the firm’s IARD Account

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