A positive shift in the right direction from US regulators on Form PF, says AIMA
Published: 20 April 2026
The latest proposals suggest a more proportionate approach that will improve regulators’ visibility of systemic risk while easing unnecessary burdens on firms.
As always, the detail will matter. We’ll be reviewing closely and engaging further to help ensure the final rules strike the right balance in practice.
Jennifer Wood, Global Head of Asset Management Regulation & Sound Practices at AIMA, shares our initial reaction: “The proposed amendments to Form PF appear to mark a meaningful step toward striking the right balance between giving regulators a clear view of systemic risk across the market while also reducing unnecessary burdens on firms.
Raising reporting thresholds and cutting superfluous data fields reflect a more proportionate and practical approach, something we have consistently called for.
The direction of travel is encouraging. But the detail will matter. We will be reviewing the proposals closely to provide further feedback to assist the Commissions in adopting final requirements that deliver that balance in practice."
