The SEC and CFTC plan to tighten the reporting requirements for hedge funds, raising the Form PF reporting threshold to $1 billion

According to Bloomberg, the SEC and CFTC jointly proposed to reduce the reporting requirements for hedge funds, intending to eliminate the reporting obligations for smaller advisors and raise the Form PF reporting threshold for private fund managers' assets from $150 million to $1 billion.

The two agencies stated that the data collected from Form PF will be used confidentially for inspections and investigations of private fund advisors.