SEC seeks comment on Form PF data collection

Published: 05 February 2018

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The United States Securities and Exchange Commission has published new estimates about how long they think it takes respondents to complete and file Form PF, breaking them down between the filings in the first three years and the next three years:

Type of filer

Estimated amortised average annual burden (in hours)

Years 1-3

Years 3-6

Smaller private fund advisers

23

15

Large private fund advisers

610

560

Large liquidity fund advisers

588

280

Large private equity fund advisers

67

50

In connection with this, the SEC is seeking written comments on:

  1. Whether the collection of information is necessary for the proper performance of the functions of the SEC, including whether the information has practical utility;
  2. The accuracy of the SEC’s estimate of the burden of the collection of information;
  3. Ways to enhance the quality, utility, and clarity of the information collected; and
  4. Ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology.

Comments are due on 12 March 2018.  Please contact Jennifer Wood if you are interested in contributing to a response to this consultation.